Phelps County, Nebraska
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Phelps County Compares
Detailed Income Statistics
Income Advisory: Phelps County
Income Verdict
Phelps County has a median household income of $65,988 and per capita income of $39,646 — a gap of $26,342, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $724/month and a median household income of $65,988, rent consumes approximately 13.2% of monthly income — well within affordable thresholds.
Economic Context
A median household income of $65,988 suggests moderate-to-strong purchasing power, generally sufficient to cover essentials with room for discretionary spending in most markets. Per capita income of $39,646 is in line with national norms for individual earners.
Neighbor Context
Phelps County earns approximately 1.3% below the Nebraska state median household income of $66,880.
Data Story
About Household Income in Phelps County, Nebraska
Phelps Trails National Income Mark
Phelps County's median household income of $65,988 falls about $8,767 below the national median of $74,755, representing an 11.7% shortfall. The county sits slightly below the national middle class, though not dramatically so.
Just Below Nebraska's State Average
At $65,988, Phelps County's median household income falls nearly $900 short of Nebraska's state average of $66,880. The county ranks near the middle of Nebraska's 93 counties, reflecting typical income conditions for the state.
Lower Middle in Regional Standings
Phelps County's $65,988 income trails neighbors like Platte County ($72,335) and Nuckolls County ($70,201), while slightly outpacing Perkins County ($67,500). The county represents a lower-middle tier of earning power within its region.
Higher Home Values Press Budgets
Despite a reasonable rent-to-income ratio of 13.2%, Phelps County's median home value of $173,300 is high relative to the $65,988 median income. Homebuyers here commit a substantial portion of income to housing, limiting discretionary savings.
Thoughtful Decisions Drive Long-Term Growth
Phelps County households should carefully evaluate home purchases against long-term financial goals, as housing costs significantly impact wealth-building capacity. Prioritizing down payments, avoiding excessive debt, and taking advantage of employer retirement plans creates a foundation for steady wealth accumulation.
Frequently Asked Questions
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Income Comparison Calculator
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County median: $65,988 per year
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Your monthly income ($5,499) vs. median rent ($724/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.