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
National Ranking
Affordability Rank
Knox County ranks #249 of 3,144 counties for affordability (top 8%)
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.
Cost of Living Advisory: Knox County
Affordability Verdict
For renters in Knox County, the market is affordable. Expect to pay around $692/month in gross rent, with 21.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Knox County is $692/month, while owner costs run $652/month. Owning saves approximately $40/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $27,680/year. For owner costs at the 28% rule, the required income is roughly $27,943/year. With a median household income of $64,821, most households can comfortably afford rent here. Notably, 21.0% of renter households in Knox County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Sioux County where rent averages $743/month, Knox County is approximately 7% less expensive.
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
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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