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Everyone wants a home that mixes affordability with comfort and Nebraska does this very well. Families love the Cornhusker State's beaches, midlands, and mountains as tourists before moving here and calling it home.
But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.
These are the places in Nebraska that cost a pretty penny -- the most expensive cities in the state.
After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Nebraska for 2021.
So where is the most expensive place to live in Nebraska? That would be Lincoln.
the 2015-2019 American Community Survey for the 32 places in Nebraska with more than 5,000 people.
What's the most expensive place to live in Nebraska? Well, HomeSnacks crunched the numbers and discovered that Lincoln is the most expensive place to live in Nebraska.
So hopefully Schuyler (the cheapest place to live in Nebraska) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.
And if you already knew these places were expensive, check out some more reading about Nebraska and the most expensive cities in the country:
The 10 Most Expensive Places To Live In Nebraska For 2021
The median income in Lincoln comes in at $57,746 and the median home value is $169,800 for 2021.
The median income in Omaha comes in at $60,092 and the median home value is $159,700 for 2021.
The median income in Wayne comes in at $40,339 and the median home value is $133,000 for 2021.
The median income in Fremont comes in at $49,474 and the median home value is $132,700 for 2021.
The median income in Kearney comes in at $57,064 and the median home value is $178,900 for 2021.
The median income in Chadron comes in at $47,288 and the median home value is $127,200 for 2021.
The median income in Blair comes in at $51,056 and the median home value is $148,500 for 2021.
The median income in Scottsbluff comes in at $44,354 and the median home value is $116,600 for 2021.
The median income in Norfolk comes in at $49,372 and the median home value is $145,400 for 2021.
The median income in La Vista comes in at $68,551 and the median home value is $154,300 for 2021.
How We Determined The Most Expensive Places To Live In The Cornhusker State For 2021
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2015-2019 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Nebraska to figure out which is the most expensive.
What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 32 places in Nebraska that have more than 5,000 people.
The place with the highest cost of living in Nebraska according to the data is Lincoln. You can download the data here.
Taking A Chunk Out Of Your Paycheck In Nebraska For 2021
Well there you have it, the places in Nebraska that have the highest cost of living, with Lincoln ranking as the most expensive city in the Cornhusker State.
Here's a look at the most affordable cities in Nebraska according to the data:
For more Nebraska reading, check out:
- Best Places To Live In Nebraska
- Cheapest Places To Live In Nebraska
- Most Dangerous Cities In Nebraska
- Best Places To Raise A Family In Nebraska
- Safest Places In Nebraska
- Worst Places To Live In Nebraska
Detailed List Of The Most Expensive Cities In Nebraska
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