Cost of Living in Thomas 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 Thomas County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Thomas County ranks #153 of 3,142 counties for affordability (top 5%)
Sourced county brief
Thomas County Official GRAPI Measured at 13.4 Percent
The official median gross rent as a percentage of household income (GRAPI) in Thomas County is 13.4%. This canonical rentToIncomePct is 9.8 percentage points lower than the Nebraska unweighted county mean official GRAPI of 23.2%. Median gross rent in the county is $638 per month, which is below the state unweighted county mean of $797. The median home value was estimated at $109,200, compared to the Nebraska unweighted county mean of $164,635. Median selected monthly owner costs for all owner-occupied units are $580. Median renter-household income is $65,313. These statistics are based on 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: Thomas County
Affordability Verdict
ACS B25071 estimates median gross rent at 13.4% of renter household income in Thomas 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 $638 per month; median selected monthly owner costs are $580. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $25,520 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. Thomas County's $638 median is 19.9% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Thomas County
Rent Burden
11.8%
of gross income
Max Housing (28% Rule)
$1,517
per month
Owner Cost Burden
10.7%
of gross income
You can likely afford the median home in Thomas County
Median home value is $109,200. Estimated monthly cost: $872 vs. your max of $1,517.
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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