Cost of Living in Knox County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Knox County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Knox County ranks #406 of 3,142 counties for affordability (top 13%)
Sourced county brief
Knox County Median Gross Rent Estimated at $647 Per Month
The median gross rent in Knox County was estimated at $647 per month, according to the 2020-2024 American Community Survey. This figure is $150 lower than the Nebraska unweighted county mean rent of $797. The official median gross rent as a percentage of household income (GRAPI) was 22.7%, which is the canonical rent-to-income percentage from ACS table B25071. This is 0.5 percentage points below the Nebraska unweighted county mean GRAPI of 23.2%. Median renter-household income in the county was $36,625. For homeowners, the median home value was $127,700, which is $36,935 below the state unweighted county mean of $164,635. Median selected monthly owner costs for all owner-occupied units were $687, while the state unweighted county mean was $860. These metrics provide a snapshot of housing costs and income within the county. See ACS table B25064 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Knox County
Affordability Verdict
ACS B25071 estimates median gross rent at 22.7% of renter household income in Knox County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $647 per month; median selected monthly owner costs are $687. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $25,880 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Nebraska unweighted mean of county median rents is $797 per month. Knox County's $647 median is 18.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Knox County
Rent Burden
12.0%
of gross income
Max Housing (28% Rule)
$1,508
per month
Owner Cost Burden
12.8%
of gross income
You can likely afford the median home in Knox County
Median home value is $127,700. Estimated monthly cost: $1,019 vs. your max of $1,508.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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