Cost of Living in Howard County, Nebraska

$811/mo
Median Monthly Rent
$205,200
Median Home Value
4% above state averageUnaffordable

At a Glance

Median Monthly Rent
$811/mo
4% above state average
Median Home Value
$205,200
27% below national
Rent-to-Income Ratio
23.0%
% 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 Howard County Compares

Median monthly rent comparison

Howard County$811/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$811/mo
Median Gross Rent
$205,200
Median Home Value
$915/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Howard County, Nebraska

Howard County offers moderate affordability

Howard County renters spend 13.1% of their income on housing, slightly above national standards but reflecting stronger incomes and reasonable rural Nebraska rent levels. With a median household income of $74,508—nearly matching the national median—Howard County offers solid economic footing.

Better than Nebraska's statewide average

At 13.1%, Howard County's rent-to-income ratio beats Nebraska's state average of 14.2%, making it one of the more affordable counties statewide. The median rent of $811 is slightly above the state average of $783, but higher median income more than compensates.

Pricier rentals, but strong incomes offset

Howard County renters pay $811 per month—higher than most neighbors—but the county's median income of $74,508 is among the strongest in the group. This combination yields a 13.1% affordability ratio that beats or matches most surrounding counties despite above-average rents.

Howard County's robust housing position

A typical Howard County renter earning $74,508 annually pays $811 per month—13.1% of their income, leaving substantial resources for other expenses. Homeowners invest in properties worth $205,200 with median monthly costs of $915, among the most valuable homes in this county group.

Howard County rewards stronger earners

If you have a stable, above-average income, Howard County offers the best housing values and homeownership opportunities in the region, with median home values around $205,000. Compare this profile to neighboring Hamilton and Holt counties to find your ideal balance of income potential and housing costs.

Affordability Calculator

See how your income compares to housing costs in Howard County

$

Rent Burden

13.1%

of gross income

Max Housing (28% Rule)

$1,739

per month

Owner Cost Burden

14.7%

of gross income

You can likely afford the median home in Howard County

Median home value is $205,200. Estimated monthly cost: $1,638 vs. your max of $1,739.

Rent Affordability Guide

Your rent-to-income ratio13.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Howard County, Nebraska?
Howard County, Nebraska has a median monthly rent of $811/mo and a median home value of $205,200. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Howard County?
The median gross rent in Howard County is $811/mo. This is 4% above state average for Nebraska.
Is Howard County affordable?
Howard County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Howard County's rent compare to the state average?
Howard County's median rent of $811/mo is 4% above state average of $783/mo for Nebraska.
What is the median home value in Howard County?
The median home value in Howard County, Nebraska is $205,200. This is 27% 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.