North Platte, NE

Very Low · 59

Nebraska · Population 23,030 · Updated March 2026

$882
Median Rent / Month
$57,805
Median Income
$159,500
Median Home Value
$920
Owner Costs / Month

Affordability

How far your income goes in North Platte

18.3%
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

$10,584
Annual Rent
$3,838
State Income Tax
$2,759
Property Tax (est.)

Cost of Living Overview

North Platte is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 59 (where 100 equals the national median), North Platte residents can expect to pay median rent of $882/month while earning a median household income of $57,805/year.

The median home value in North Platte, NE is $159,500, with typical monthly owner costs around $920 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.3% 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 North Platte.

Frequently Asked Questions

Common questions about living costs in North Platte

What is the cost of living in North Platte, NE?
The cost of living index in North Platte, NE is 59 (US average = 100). Median monthly rent is $882, median household income is $57,805/year, and the median home value is $159,500.
Is North Platte, NE affordable?
Yes, North Platte is more affordable than the national average with a cost index of 59. The rent-to-income ratio is 18.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in North Platte, NE?
The median gross rent in North Platte, NE is $882 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,584.
What is the median household income in North Platte?
The median household income in North Platte, NE is $57,805 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%.