Quick facts: Mullen, NE

Quick Facts

94.7
Cost of Living
below US average
469
Population
42.64
Crime Rate per 1000
above US average
$41,944
Median Income
below US average
$124,916
Median House Price
above US average
$1313
Average Rent
below US average
9%
Poverty Rate
below US average
1.9%
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 $41,944.

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Income Needed to Buy

βœ“ Affordable
$39k/year
Based on $124,916 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($41,944) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1313/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $41,944
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Mullen, NE

Mullen is a small village located in Hooker County, Nebraska. Nestled in the scenic Sand Hills region, it boasts a population of around 500 residents, making it a tight-knit community. The area is characterized by its stunning natural landscapes, primarily consisting of rolling sand dunes, grasslands, and a variety of wildlife, making it a popular destination for outdoor enthusiasts. One of the highlights of Mullen is its proximity to the Nebraska National Forest and the nearby Merritt Reservoir, which offer ample opportunities for hiking, fishing, camping, and wildlife observation. The region is rich in history and features several local events that celebrate its ranching heritage and community spirit. Mullen serves as a quiet retreat, with small-town charm and a strong sense of community. The local economy is primarily driven by agriculture and ranching, with several businesses catering to the needs of residents and visitors alike. Overall, Mullen offers a peaceful, rural lifestyle amidst beautiful landscapes, ideal for those seeking a slower pace of living in Nebraska's picturesque Sand Hills.

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