Cost of Living in Hamilton County, Nebraska

$776/mo
Median Monthly Rent
$238,700
Median Home Value
1% below state averageUnaffordable

At a Glance

Median Monthly Rent
$776/mo
1% below state average
Median Home Value
$238,700
15% below national
Rent-to-Income Ratio
24.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Hamilton County Compares

Median monthly rent comparison

Hamilton County$776/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$776/mo
Median Gross Rent
$238,700
Median Home Value
$1,133/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Hamilton County, Nebraska

Hamilton County rents remain affordable

With a rent-to-income ratio of 11.7%, Hamilton County renters spend less of their paycheck on housing than the national median household income suggests they would. This is notably better than the national trend, where housing costs typically consume a larger share of household budgets.

Better than Nebraska's housing average

Hamilton County's 11.7% rent-to-income ratio beats Nebraska's state average of 14.2%, making it one of the more affordable counties in the state for renters. The county's median gross rent of $776 per month is nearly identical to the state average, but stronger incomes ($79,884 median) make the difference.

The most affordable in the region

Hamilton County renters have it better than residents of nearby Howard County, where the rent-to-income ratio reaches 13.1%. While Hamilton's median rent is just $5 less per month than neighboring Harlan County, Hamilton's higher median income makes housing significantly more manageable.

Where your money goes in Hamilton

A typical Hamilton County renter earning $79,884 annually spends $776 per month on rent—just 11.7% of their income. Homeowners with a median monthly cost of $1,133 invest in properties worth $238,700, a solid equity opportunity for those with capital.

Consider Hamilton for rural affordability

If you're seeking a Nebraska county with solid incomes and manageable housing costs, Hamilton County offers both at rates better than the state average. Compare this profile to nearby Howard and Harlan counties to find your best fit in south-central Nebraska.

Affordability Calculator

See how your income compares to housing costs in Hamilton County

$

Rent Burden

11.7%

of gross income

Max Housing (28% Rule)

$1,864

per month

Owner Cost Burden

17.0%

of gross income

The median home in Hamilton County may be a stretch

Median home value is $238,700. Estimated monthly cost: $1,906 vs. your max of $1,864.

Rent Affordability Guide

Your rent-to-income ratio11.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Hamilton County, Nebraska?
Hamilton County, Nebraska has a median monthly rent of $776/mo and a median home value of $238,700. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Hamilton County?
The median gross rent in Hamilton County is $776/mo. This is 1% below state average for Nebraska.
Is Hamilton County affordable?
Hamilton County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Hamilton County's rent compare to the state average?
Hamilton County's median rent of $776/mo is 1% below state average of $783/mo for Nebraska.
What is the median home value in Hamilton County?
The median home value in Hamilton County, Nebraska is $238,700. This is 15% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.