Cost of Living in Greeley County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Greeley County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Greeley County ranks #320 of 3,144 counties for affordability (top 10%)
Data Story
About Cost of Living in Greeley County, Nebraska
Greeley achieves solid national affordability
Greeley County's 13.1% rent-to-income ratio beats the national average of 14.2%, despite a median income of $58,894 that runs 21% below the national median. Strong local affordability compensates for lower regional wages.
Greeley outperforms state on affordability
With a 13.1% rent-to-income ratio, Greeley County edges below Nebraska's state average of 14.2%, making it one of the state's more affordable areas. The favorable ratio reflects modest rents that scale well to local incomes.
Second-lowest rents, balanced income
Greeley County's $643 median rent is the second-lowest in this region, trailing only Garfield's $519, while its $58,894 income sits in the mid-range. This combination creates solid affordability, with rents consuming just 13% of household earnings.
Affordability across both housing types
Greeley's $58,894 median income supports $643 monthly rent (13.1% of income) and $695 in homeownership costs for properties valued at $87,800. Both renters and buyers find reasonable costs here, with the lowest mortgage payments in the region reflecting modest home values.
Greeley delivers balanced rural affordability
Greeley County appeals to those seeking affordable small-town living with reasonable housing costs across both renting and buying options. The 13.1% rent burden and lowest homeownership costs in the region make Greeley an excellent choice for renters and first-time homebuyers alike.
Cost of Living Advisory: Greeley County
Affordability Verdict
Greeley County offers affordable rental housing at a median of $643/month — about 13.1% of the typical household income here.
Rent vs. Own
At $643/month rent versus $695/month in owner costs, renting is roughly $52/month cheaper — a 7% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $25,720/year. For owner costs at the 28% rule, the required income is roughly $29,786/year. With a median household income of $58,894, most households can comfortably afford rent here. Notably, 21.0% of renter households in Greeley County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Dundy County where rent averages $588/month, Greeley County is approximately 9% more expensive.
Affordability Calculator
See how your income compares to housing costs in Greeley County
Rent Burden
13.1%
of gross income
Max Housing (28% Rule)
$1,374
per month
Owner Cost Burden
14.2%
of gross income
You can likely afford the median home in Greeley County
Median home value is $87,800. Estimated monthly cost: $701 vs. your max of $1,374.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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