Cost of Living in Phelps 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 Phelps County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Phelps County ranks #1,447 of 3,142 counties for affordability (top 46%)
Sourced county brief
Median Gross Rent Percentage in Phelps County Reaches 27.0 Percent
The median gross rent as a percentage of household income (GRAPI) in Phelps County was estimated at 27.0%. This official figure from ACS table B25071 is 3.8 percentage points above the Nebraska unweighted county mean of 23.2%. Monthly housing costs for renters and owners also differ from state-level unweighted means. The median gross rent in the county was $815 per month, compared to the state's unweighted county mean of $797. For homeowners, the median home value was estimated at $194,900, which is above the state unweighted county mean of $164,635. Median selected monthly owner costs for all owner-occupied units were $875, while the Nebraska unweighted county mean was $860. The median renter-household income in the county was recorded at $39,688. These statistics provide a snapshot of the housing cost landscape based on 2020-2024 American Community Survey 5-year estimates. 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: Phelps County
Affordability Verdict
ACS B25071 estimates median gross rent at 27.0% of renter household income in Phelps 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 $815 per month; median selected monthly owner costs are $875. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $32,600 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. Phelps County's $815 median is 2.3% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Phelps County
Rent Burden
14.2%
of gross income
Max Housing (28% Rule)
$1,608
per month
Owner Cost Burden
15.2%
of gross income
You can likely afford the median home in Phelps County
Median home value is $194,900. Estimated monthly cost: $1,556 vs. your max of $1,608.
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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