Cost of Living in Nance County, Nebraska

$776/mo
Median Monthly Rent
$122,800
Median Home Value
1% below state averageUnaffordable

At a Glance

Median Monthly Rent
$776/mo
1% below state average
Median Home Value
$122,800
56% below national
Rent-to-Income Ratio
23.0%
% 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 Nance County Compares

Median monthly rent comparison

Nance County$776/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$776/mo
Median Gross Rent
$122,800
Median Home Value
$745/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio14.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Nance County, Nebraska?
Nance County, Nebraska has a median monthly rent of $776/mo and a median home value of $122,800. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Nance County?
The median gross rent in Nance County is $776/mo. This is 1% below state average for Nebraska.
Is Nance County affordable?
Nance County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Nance County's rent compare to the state average?
Nance County's median rent of $776/mo is 1% below state average of $783/mo for Nebraska.
What is the median home value in Nance County?
The median home value in Nance County, Nebraska is $122,800. This is 56% 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.