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Cost of Living in Phelps County

Is it better to rent or buy in Phelps County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$64,710
$765/mo

Median in area: $765

$187,209

Median in area: $187,209

$37,442

If you Rent

🔑
$1,050 /mo
Base Rent$765
Est. Utilities$285
% of Income19.5%
Pre-tax Residual$4,343

If you Buy

🏠
$1,644 /mo
P&I (7.124%)$1,009
Taxes & Ins$350
Est. Utilities$285
% of Income30.5%
Pre-tax Residual$3,749

Compare Nearby Areas

See how Phelps County stacks up against neighboring areas.

countyDawson County, NE
$884/mo
countyBuffalo County, NE
$933/mo
countyKearney County, NE
$893/mo
countyGosper County, NE
$664/mo
countyHarlan County, NE
$657/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Phelps County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Phelps County. The estimated all-in monthly cost for renting is $1,050, while owning a median-priced home with a 20% down payment is roughly $1,644 per month (a difference of $594).

How much do utilities cost in Phelps County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Phelps County is approximately $285. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Phelps County?›

To comfortably afford the median rent and utilities in Phelps County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $42,000 per year.