Quick facts: Lincoln, NE

Quick Facts

85.3
Cost of Living
below US average
292,627
Population
32.39
Crime Rate per 1000
above US average
$67,846
Median Income
below US average
$265,000
Median House Price
above US average
$1238.31
Average Rent
below US average
12%
Poverty Rate
above US average
3.0%
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 $67,846.

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Income Needed to Buy

βœ— Stretch
$83k/year
Based on $265,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $67,846
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Income Needed to Rent

βœ“ Affordable
$53k/year
Based on $1238.31/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($67,846) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lincoln, NE

Lincoln, Nebraska, is the vibrant capital city of the state and is known for its rich history, educational institutions, and cultural attractions. Home to the University of Nebraska-Lincoln, the city boasts a youthful energy and is a center for research and innovation. Lincoln's picturesque parks, including Haymarket Park and Antelope Park, offer idyllic outdoor spaces for recreation and events. The Haymarket District is a lively hub filled with historic buildings, shops, restaurants, and a popular farmers' market. Visitors can explore local breweries, art galleries, and theaters that showcase the city's artistic flair. Lincoln also hosts numerous festivals and events throughout the year, celebrating everything from music to food. With a strong sense of community, affordable cost of living, and a range of activities suitable for families, students, and professionals alike, Lincoln is a welcoming city that embraces sustainability and a high quality of life. The city's friendly atmosphere and Midwestern charm make it a great place to live, work, and explore.

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