Cost of Living in Loup County, Nebraska

$650/mo
Median Monthly Rent
$120,700
Median Home Value
17% below state averageUnaffordable

At a Glance

Median Monthly Rent
$650/mo
17% below state average
Median Home Value
$120,700
57% below national
Rent-to-Income Ratio
14.0%
% 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 Loup County Compares

Median monthly rent comparison

Loup County$650/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$650/mo
Median Gross Rent
$120,700
Median Home Value
$739/mo
Monthly Owner Cost
14.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Loup County, Nebraska

Loup County keeps rents well below national average

With a 13.0% rent-to-income ratio, Loup County renters spend less on housing than the national average, despite a median household income of $60,156 that falls below the U.S. benchmark of $74,755. The $650 monthly rent is notably low, making this county one of Nebraska's most affordable rental markets.

Below-average rents prop up affordability across Nebraska

Loup County's 13.0% rent-to-income ratio beats the state average of 14.2%, placing it in the more affordable tier of Nebraska counties. Lower household incomes here are offset by some of the state's cheapest rents, creating genuine affordability despite modest wages.

Loup offers the cheapest rents in the region

Loup County's $650 monthly rent is the lowest among neighboring counties—McPherson ($653), Logan ($725), Merrick ($772), and Madison ($851) all charge more. The trade-off is lower household incomes, but renters get exceptional value on housing costs here.

Modest income, minimal housing burden

The $650 monthly rent consumes just 13% of the $60,156 median household income, while homeowners pay $739 in monthly owner costs. This lean housing-cost structure gives Loup County residents uncommon financial flexibility despite below-average wages.

Loup attracts those seeking extreme affordability

Loup County is Nebraska's answer for renters and buyers on tight budgets, with $120,700 median home values and $650 rents. Stack this data against neighboring counties to determine if Loup's low-income-low-cost model fits your relocation priorities.

Affordability Calculator

See how your income compares to housing costs in Loup County

$

Rent Burden

13.0%

of gross income

Max Housing (28% Rule)

$1,404

per month

Owner Cost Burden

14.7%

of gross income

You can likely afford the median home in Loup County

Median home value is $120,700. Estimated monthly cost: $964 vs. your max of $1,404.

Rent Affordability Guide

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

Frequently Asked Questions

What is the cost of living in Loup County, Nebraska?
Loup County, Nebraska has a median monthly rent of $650/mo and a median home value of $120,700. The affordability rating is Unaffordable, with rent making up approximately 14.0% of median household income.
What is the median rent in Loup County?
The median gross rent in Loup County is $650/mo. This is 17% below state average for Nebraska.
Is Loup County affordable?
Loup County is rated Unaffordable based on rent-to-income ratio of 14.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Loup County's rent compare to the state average?
Loup County's median rent of $650/mo is 17% below state average of $783/mo for Nebraska.
What is the median home value in Loup County?
The median home value in Loup County, Nebraska is $120,700. This is 57% 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.