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: $284,000
- 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 Lincoln is a financially viable option for your relocation.