Quick facts: Kimball, NE

Quick Facts

94.7
Cost of Living
below US average
3,315
Population
3.02
Crime Rate per 1000
below US average
$53,151
Median Income
below US average
$179,900
Median House Price
above US average
$900.0
Average Rent
below US average
9%
Poverty Rate
below US average
2.4%
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 $53,151.

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Income Needed to Buy

βœ— Stretch
$56k/year
Based on $179,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $56k vs median $53,151
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Income Needed to Rent

βœ“ Affordable
$39k/year
Based on $900.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($53,151) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kimball, NE

Kimball is a small town located in Kimball County, Nebraska. As of the 2020 census, it had a population of around 2,500 residents. Nestled in the High Plains region, Kimball is known for its friendly community and close-knit atmosphere. The town serves as a gateway to the scenic areas of the Nebraska Panhandle, making it an ideal stop for travelers exploring the region. The local economy is primarily driven by agriculture, with wheat and cattle ranching being key contributors. Kimball also has a growing interest in tourism, with attractions such as the nearby Chimney Rock National Historic Site, which holds historical significance as a landmark for westward travelers. Events such as the Kimball Heritage Days celebrate the town's rich history and community spirit, drawing residents and visitors alike. The town features parks, recreational facilities, and local shops, providing a quaint yet vibrant lifestyle for its inhabitants. With its western charm and proximity to nature, Kimball offers a unique experience in rural Nebraska.

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