Cost of Living in Otoe 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 Otoe County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Otoe County ranks #1,958 of 3,142 counties for affordability (bottom 38%)
Sourced county brief
Otoe County Median Home Value Reaches $201,600
The median home value in Otoe County was estimated at $201,600, which is higher than the Nebraska unweighted county mean of $164,635. For renter-occupied units, the median gross rent is $914 per month, compared to the state unweighted county mean of $797. The official median gross rent as a percentage of household income (GRAPI), based on ACS table B25071, is 21.4%. This official figure is 1.8 percentage points lower than the state unweighted county mean official GRAPI of 23.2%. The median selected monthly owner costs for all owner-occupied units in the county are $973, exceeding the Nebraska unweighted county mean of $860. Renter-household median income was recorded at $48,972 during the 2020-2024 period. These data points represent a fixed snapshot of the local housing market and household income. See ACS table B25071 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: Otoe County
Affordability Verdict
ACS B25071 estimates median gross rent at 21.4% of renter household income in Otoe 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 $914 per month; median selected monthly owner costs are $973. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $36,560 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. Otoe County's $914 median is 14.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Otoe County
Rent Burden
13.3%
of gross income
Max Housing (28% Rule)
$1,918
per month
Owner Cost Burden
14.2%
of gross income
You can likely afford the median home in Otoe County
Median home value is $201,600. Estimated monthly cost: $1,609 vs. your max of $1,918.
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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