Cost of Living in Grand Island, NE
Population: 52,761 • 2026 Data
$62,439
Median Household Income
-19% vs national
$913
Median Monthly Rent
-32% vs national
$202,600
Median Home Value
-40% vs national
3.6%
Unemployment Rate
Housing in Grand Island
The median home value in Grand Island, NE is $202,600. Monthly rent for a typical unit averages $913, while total monthly housing costs (including utilities and insurance) average $976.
Rent-to-income ratio: 17.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Grand Island, NE is $62,439. The unemployment rate stands at 3.6%, with a labor force of 26,936 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.