Cost of Living in Nance County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Nance County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Nance County ranks #358 of 3,144 counties for affordability (top 11%)
Data Story
About Cost of Living in Nance County, Nebraska
Nance County matches Nebraska's typical housing burden
Nance County's 14.2% rent-to-income ratio precisely mirrors the Nebraska state average, indicating squarely middle-of-the-road affordability for its residents. The $776 monthly rent is typical for rural Nebraska, paired with a $65,438 median household income that edges below the national average of $74,755.
Nance sits exactly at Nebraska's affordability midline
At 14.2%, Nance County matches the state average rent-to-income ratio, making it a representative Nebraska county for housing affordability. This alignment suggests Nance experiences neither unusual advantage nor disadvantage compared to most peer communities.
Nance rents track with central Nebraska peers
Nance County's $776 rent is slightly pricier than Logan ($725) and McPherson ($653) but cheaper than Merrick ($772) and Madison ($851). The county occupies a stable middle position in the regional housing-cost spectrum, neither standout nor outlier.
Housing costs consume exactly state-average income share
Renters pay $776 monthly while homeowners pay $745, both consuming modest portions of the $65,438 median household income. At 14.2% of income devoted to rent, Nance County residents experience the typical housing-cost burden felt across Nebraska.
Nance provides stable, unremarkable affordability
Nance County presents a default Nebraska option—not dramatically cheaper or more expensive than peers, with $122,800 median home values reflecting the regional norm. Compare Nance's middle-of-the-road costs and incomes to more affordable neighbors like McPherson or pricier options like Madison to determine your best fit.
Cost of Living Advisory: Nance County
Affordability Verdict
Housing in Nance County is affordable. The median rent is $776/month against a median household income of $65,438, putting rent at 14.2% of income.
Rent vs. Own
At $776/month rent versus $745/month in owner costs, owning is roughly $31/month cheaper — a 4% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,040/year. For owner costs at the 28% rule, the required income is roughly $31,929/year. With a median household income of $65,438, most households can comfortably afford rent here. Notably, 23.0% of renter households in Nance County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Nance County sits 6% less expensive than Deuel County ($827/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Nance County
Rent Burden
14.2%
of gross income
Max Housing (28% Rule)
$1,527
per month
Owner Cost Burden
13.7%
of gross income
You can likely afford the median home in Nance County
Median home value is $122,800. Estimated monthly cost: $980 vs. your max of $1,527.
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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