Cost of Living in Sherman 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 Sherman County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Sherman County ranks #1,134 of 3,142 counties for affordability (top 36%)
Sourced county brief
Sherman County Median Monthly Owner Costs Reach $753 Monthly
Median selected monthly owner costs in Sherman County are $753, which is below the Nebraska unweighted county mean of $860. The official median gross rent as a percentage of household income (GRAPI) is 23.3%. This canonical rentToIncomePct is 0.1 percentage points above the state unweighted county mean official GRAPI of 23.2%. Median gross rent in the county was estimated at $818 per month, while the state unweighted county mean for rent is $797. The median home value in the county is $152,000, compared to the state unweighted county mean of $164,635. Median renter-household income for the 2020-2024 period was $46,875. These figures are part of the U.S. Census Bureau ACS 2020-2024 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: Sherman County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.3% of renter household income in Sherman 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 $818 per month; median selected monthly owner costs are $753. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $32,720 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. Sherman County's $818 median is 2.6% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Sherman County
Rent Burden
15.4%
of gross income
Max Housing (28% Rule)
$1,483
per month
Owner Cost Burden
14.2%
of gross income
You can likely afford the median home in Sherman County
Median home value is $152,000. Estimated monthly cost: $1,213 vs. your max of $1,483.
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 (2020-2024). Data is informational only and is not personalized financial advice.
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