Cost of Living in Grand Island, NE
Population 52,884 · Census ACS 2020–2024 5-year estimates
The median rent in Grand Island, NE is $947/month, 12% lower than the Nebraska median and 33% lower than the U.S. median. The median home value is $218,600, 34% lower than the national median. Households earn a median of $63,795 a year, 17% lower than the state median.
Affordability
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Grand Island vs. Nebraska vs. U.S.
| Grand Island | Nebraska | U.S. | |
|---|---|---|---|
| Median rent | $947 | $1,072 | $1,413 |
| Median home value | $218,600 | $238,600 | $332,700 |
| Median household income | $63,795 | $76,475 | $80,734 |
| Homeownership rate | 57.8% | 66.5% | 65.2% |
| Bachelor's degree or higher | 20.9% | 34.6% | 35.7% |
| Poverty rate | 15.2% | 10.6% | 12.5% |
| Unemployment rate | 4.6% | 3.0% | 5.2% |
| Work from home | 4.2% | 11.0% | 15.1% |
| Median age | 34.7 | 37.2 | 38.9 |
FAQ
What is the average rent in Grand Island, NE?
The median gross rent in Grand Island, NE is $947 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Grand Island, NE?
Using the common 30% rule, renting a median-priced home takes about $37,880 a year in gross income.
Is Grand Island, NE expensive to live in?
Rent there is 33% lower than the U.S. median, and the median home costs about 3.4 times the median household income.
Other cities in Nebraska
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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