Cost of Living in Lincoln, NE

Housing

The housing market plays a significant role in determining the cost of living in Lincoln, NE.

• Housing Index: 78.0 / 100
• Median Home Price is: $284000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1225 per month

In Lincoln, NE, the housing index currently sits at 78.0, suggesting a balanced market for home seekers. With a median home price of 284000 and an average rent of 1200 for a 2-bedroom apartment or 1225 for a 2-bedroom house, it's essential to evaluate your long-term plans. Consider personal circumstances like commute times, nearby amenities, and local job market trends, which can influence your overall satisfaction and investment value in this area. Do thorough research to make an informed decision that aligns with your lifestyle.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lincoln, NE.

• Electricity Price: 12.92 USD (median by state)
• Natural Gas Price: $13.89 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Lincoln, NE could entail higher utility costs. Electricity costs sit at 12.92, while natural gas is priced at 13.89 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 85.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $67846

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Lincoln, NE, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.