Cost of Living in Merrick County, Nebraska

$772/mo
Median Monthly Rent
$168,000
Median Home Value
1% below state averageUnaffordable

At a Glance

Median Monthly Rent
$772/mo
1% below state average
Median Home Value
$168,000
40% below national
Rent-to-Income Ratio
25.0%
% 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 Merrick County Compares

Median monthly rent comparison

Merrick County$772/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$772/mo
Median Gross Rent
$168,000
Median Home Value
$929/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Merrick County, Nebraska

Merrick County rents edge above state benchmark

With a 14.7% rent-to-income ratio, Merrick County sits slightly above Nebraska's state average of 14.2%, indicating modest affordability pressure on renters. The $772 monthly rent is respectable for a rural Nebraska county, paired with a $62,849 median household income that remains below the national average.

Merrick sits near the middle of Nebraska's affordability range

Merrick County's 14.7% rent-to-income ratio places it just above the state average, making it a middle-tier option among Nebraska counties. Housing costs here are moderate relative to peer communities, though renters experience slightly more budget pressure than in the state's most affordable counties.

Merrick rents fall between affordable and expensive peers

Merrick County's $772 rent sits in the middle—cheaper than Madison's $851 but pricier than Logan ($725), McPherson ($653), and Loup ($650). This moderate positioning makes Merrick a reasonable option for those seeking balance between affordability and amenities in central Nebraska.

Rent and ownership split the housing-cost picture

Renters pay $772 monthly while homeowners pay $929, consuming 14.7% and manageable portions of the $62,849 median household income. Merrick's $168,000 median home value and moderate rent-to-income ratio suggest stable, predictable housing costs for both renters and buyers.

Merrick County offers balanced mid-range options

Merrick County presents a middle path for relocators—not the cheapest, but with reasonable $772 rents and $168,000 median home values. Compare Merrick's affordability numbers to Logan and Madison to find where your budget and housing preferences align best.

Affordability Calculator

See how your income compares to housing costs in Merrick County

$

Rent Burden

14.7%

of gross income

Max Housing (28% Rule)

$1,466

per month

Owner Cost Burden

17.7%

of gross income

You can likely afford the median home in Merrick County

Median home value is $168,000. Estimated monthly cost: $1,341 vs. your max of $1,466.

Rent Affordability Guide

Your rent-to-income ratio14.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Merrick County, Nebraska?
Merrick County, Nebraska has a median monthly rent of $772/mo and a median home value of $168,000. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Merrick County?
The median gross rent in Merrick County is $772/mo. This is 1% below state average for Nebraska.
Is Merrick County affordable?
Merrick County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Merrick County's rent compare to the state average?
Merrick County's median rent of $772/mo is 1% below state average of $783/mo for Nebraska.
What is the median home value in Merrick County?
The median home value in Merrick County, Nebraska is $168,000. This is 40% 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.