Cost of Living in McPherson County, Nebraska

$653/mo

Median Monthly Rent

$124,200

Median Home Value

17% below state averageUnaffordable

At a Glance

Median Monthly Rent

$653/mo

17% below state average

Median Home Value

$124,200

56% below national

Rent-to-Income Ratio

19.0%

% 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 McPherson County Compares

Median monthly rent comparison

McPherson County$653/mo

Nebraska Average$783/mo

National Median$1,163/mo

Detailed Housing Stats

$653/mo

Median Gross Rent

$124,200

Median Home Value

$680/mo

Monthly Owner Cost

19.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in McPherson County, Nebraska

McPherson County keeps housing costs remarkably lean

McPherson County's 12.8% rent-to-income ratio sits comfortably below the national standard, thanks to the lowest monthly rent in the region at $653. Even though median household income ($61,316) falls short of the national average ($74,755), renters here enjoy exceptional affordability.

McPherson ranks among Nebraska's most affordable counties

At 12.8%, McPherson County's rent-to-income ratio beats the state average of 14.2%, placing it in Nebraska's affordability sweet spot. Modest wages are paired with some of the state's lowest rents, creating genuine housing security for residents.

McPherson and Loup compete for cheapest rents

McPherson County's $653 monthly rent is virtually identical to Loup County's $650, making both rural Nebraska's most affordable rental markets. Logan ($725), Merrick ($772), and Madison ($851) all command significantly higher rents, giving McPherson renters a clear advantage.

Owner costs are the county's real bargain

McPherson County's $653 rent and $680 monthly owner cost are both among the lowest in the state, consuming just 12.8% of the $61,316 median household income. This lean structure means residents have more income left for savings and other necessities.

McPherson delivers affordable housing for rural seekers

McPherson County offers one of Nebraska's best rent-to-income ratios and median home values of just $124,200, ideal for budget-conscious relocators. Cross-reference McPherson's numbers against neighboring counties to confirm whether this affordable corner of the state suits your needs.

Affordability Calculator

See how your income compares to housing costs in McPherson County

Your Annual Household Income

Rent Burden

12.8%

of gross income

Max Housing (28% Rule)

$1,431

per month

Owner Cost Burden

13.3%

of gross income

You can likely afford the median home in McPherson County

Median home value is $124,200. Estimated monthly cost: $992 vs. your max of $1,431.

Rent Affordability Guide

Your rent-to-income ratio12.8%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in McPherson County, Nebraska?

McPherson County, Nebraska has a median monthly rent of $653/mo and a median home value of $124,200. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.

What is the median rent in McPherson County?

The median gross rent in McPherson County is $653/mo. This is 17% below state average for Nebraska.

Is McPherson County affordable?

McPherson County is rated Unaffordable based on rent-to-income ratio of 19.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does McPherson County's rent compare to the state average?

McPherson County's median rent of $653/mo is 17% below state average of $783/mo for Nebraska.

What is the median home value in McPherson County?

The median home value in McPherson County, Nebraska is $124,200. This is 56% below the national median home value of $281,900.