Quick facts: Chadron, NE

Quick Facts

94.7
Cost of Living
below US average
5,223
Population
11.3
Crime Rate per 1000
below US average
$53,728
Median Income
below US average
$239,000
Median House Price
above US average
$425.0
Average Rent
below US average
10%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $53,728.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $239,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $53,728
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Income Needed to Rent

βœ“ Affordable
$18k/year
Based on $425.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($53,728) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Chadron, NE

Chadron, Nebraska, is a charming small city located in the northwestern part of the state, serving as the county seat of Dawes County. With a population of around 5,800 residents, it offers a close-knit community atmosphere. Nestled in the scenic Pine Ridge region, Chadron is surrounded by beautiful landscapes, including rolling hills, pine forests, and picturesque canyons. The city is notable for its vibrant history and cultural heritage, exemplified by the Chadron State College, which adds an educational and youthful vibe to the area. The college hosts various events and activities, contributing to the community’s dynamic life. Outdoor enthusiasts can explore nearby Chadron State Park, which offers hiking, camping, and wildlife viewing opportunities. The park also features the renowned Pine Ridge Trail, popular for both biking and hiking. Chadron is known for its annual events, including the Dawes County Fair and the Chadron Arts & Crafts Festival, which draw visitors and showcase local talent. With its friendly atmosphere, beautiful landscapes, and rich history, Chadron is a hidden gem in Nebraska.

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