Cost of Living in McPherson 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 McPherson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
McPherson County ranks #492 of 3,142 counties for affordability (top 16%)
Sourced county brief
McPherson County Median Gross Rent Estimated at $588 Monthly
In McPherson County, Nebraska, the median gross rent was estimated at $588 per month, a figure that is $209 below the state unweighted county mean of $797. The official median gross rent as a percentage of household income (GRAPI) is 20.4%, which is 2.8 percentage points lower than the Nebraska unweighted county mean official GRAPI of 23.2%. The median renter-household income is $35,862. For owner-occupied properties, the median home value is $121,600, while the state unweighted county mean is $164,635. The median selected monthly owner cost is $750 per month, which is below the state unweighted county mean of $860. These statistics provide a snapshot of housing costs and income levels as reported in the 2020-2024 ACS 5-Year Estimates. 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: McPherson County
Affordability Verdict
ACS B25071 estimates median gross rent at 20.4% of renter household income in McPherson 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 $588 per month; median selected monthly owner costs are $750. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $23,520 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. McPherson County's $588 median is 26.2% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in McPherson County
Rent Burden
12.0%
of gross income
Max Housing (28% Rule)
$1,369
per month
Owner Cost Burden
15.3%
of gross income
You can likely afford the median home in McPherson County
Median home value is $121,600. Estimated monthly cost: $971 vs. your max of $1,369.
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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