Cost of Living in Richardson County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Richardson County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Richardson County, Nebraska
Richardson punches above affordability weight
Richardson County renters dedicate just 14.9% of income to housing, nearly matching the national average despite a median household income of $55,578—well below the national median of $74,755. This unusual affordability advantage stems from modest rental costs of just $692 monthly paired with a tight-knit local economy.
Among Nebraska's most livable counties
Richardson's rent-to-income ratio of 14.9% edges above Nebraska's state average of 14.2%, placing it near the middle of the affordability spectrum statewide. At $692 monthly rent, Richardson undercuts the state average of $783, making it one of the state's more budget-friendly options.
The deal county of its region
Richardson's $692 rent is the lowest among its peers—substantially cheaper than Red Willow's $778 and even undercutting Rock County's $608, delivering genuine bargain hunting. With a $55,578 median income, Richardson residents enjoy a 14.9% rent burden that's actually competitive despite lower earning power.
Lean budgets, lean housing costs
Richardson households earn $55,578 annually yet pay only $692 for rent or $673 for ownership—the lowest owner costs in this comparison. This efficiency means housing absorbs roughly 14–15% of income, preserving resources for food, healthcare, and savings.
Richardson: Nebraska's hidden affordability gem
Relocating professionals and families seeking deep affordability should examine Richardson closely—rents and ownership costs rank among the state's lowest, with median home values around $96,500. Your income may be lower, but your dollar stretches further here than in nearly any other Nebraska county.
Affordability Calculator
See how your income compares to housing costs in Richardson County
Rent Burden
14.9%
of gross income
Max Housing (28% Rule)
$1,297
per month
Owner Cost Burden
14.5%
of gross income
You can likely afford the median home in Richardson County
Median home value is $96,500. Estimated monthly cost: $770 vs. your max of $1,297.
Rent Affordability Guide
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.