Chalco, NE

Below Avg · 81

Nebraska · Population 10,625 · Updated March 2026

$1,103
Median Rent / Month
$81,427
Median Income
$224,400
Median Home Value
$1,392
Owner Costs / Month

Affordability

How far your income goes in Chalco

16.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Nebraska

State-level tax rates that affect your costs

6.64%
Income Tax (Top Rate)
5.5%
Sales Tax
1.73%
Property Tax Rate

Estimated Annual Costs

$13,236
Annual Rent
$5,407
State Income Tax
$3,882
Property Tax (est.)

Cost of Living Overview

Chalco is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 81 (where 100 equals the national median), Chalco residents can expect to pay median rent of $1,103/month while earning a median household income of $81,427/year.

The median home value in Chalco, NE is $224,400, with typical monthly owner costs around $1,392 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Nebraska has a moderate income tax rate of 6.64%. Combined with a 5.5% sales tax rate and 1.73% effective property tax rate, the overall tax environment is a factor in the total cost of living in Chalco.

Frequently Asked Questions

Common questions about living costs in Chalco

What is the cost of living in Chalco, NE?
The cost of living index in Chalco, NE is 81 (US average = 100). Median monthly rent is $1,103, median household income is $81,427/year, and the median home value is $224,400.
Is Chalco, NE affordable?
Yes, Chalco is more affordable than the national average with a cost index of 81. The rent-to-income ratio is 16.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Chalco, NE?
The median gross rent in Chalco, NE is $1,103 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,236.
What is the median household income in Chalco?
The median household income in Chalco, NE is $81,427 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Nebraska?
Nebraska has a top income tax rate of 6.64%, a sales tax of 5.5%, and an effective property tax rate of 1.73%.