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)
How Knox County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Knox County, Nebraska
Knox County achieves solid rental affordability
Knox County renters spend just 12.8% of their income on rent, sitting comfortably below national affordability thresholds and demonstrating genuine housing security. With median household income of $64,821 and modest rents of $692, local renters enjoy meaningful financial flexibility.
Knox County beats Nebraska's affordability average
Knox County's 12.8% rent-to-income ratio sits well below Nebraska's 14.2% state average, making it one of the state's more affordable counties. At $692 monthly, Knox rents rank among the lowest statewide, supporting strong affordability.
Lowest rents with solid middle-income support
Knox County's $692 monthly rent ranks lowest among all peers while its $64,821 income sits solidly in the regional middle, creating excellent affordability conditions. This combination positions Knox renters best for financial comfort in the county group.
Knox County balances rent and ownership well
Renters pay $692 monthly while homeowners spend $652 on mortgages for homes valued at $116,900—remarkably balanced costs across tenure types. Together, housing consumes about 13% of household income, leaving Knox families approximately $8,400 annually freed from rent or mortgage obligations relative to national averages.
Knox County rewards budget-conscious relocators
If you value housing affordability, Knox County delivers with the region's lowest rents ($692) and competitive income levels ($64,821). Whether renting at 12.8% of income or buying at $116,900, Knox offers genuine financial breathing room for newcomers.
Affordability Calculator
See how your income compares to housing costs in Knox County
Rent Burden
12.8%
of gross income
Max Housing (28% Rule)
$1,512
per month
Owner Cost Burden
12.1%
of gross income
You can likely afford the median home in Knox County
Median home value is $116,900. Estimated monthly cost: $933 vs. your max of $1,512.
Rent Affordability Guide
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.