Gering, NE Cost Of Living
Cost Of Living In Gering, NE Summary
Cost of living in Gering research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Gering is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Nebraska, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Gering is 87, with 100 being the average.
The cost of living index in Gering is 0.9x lower than the national average.
Gering ranks as the #14 cheapest in Nebraska out of 34.
Gering ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Gering is $146,800.
The median income in Gering is $64,631.
Table Of Contents
Gering's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Gering, NE?
According to the most recent data on the cost of living, Gering has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Nebraska, Gering has a cost of living index that's 1.0x lower than Nebraska's index of 91.
The standard of living in Gering ranks as #14 most affordable out of the 34 places we measured in Nebraska. By definition, that implies Gering ranks as the #20 most expensive place in the Cornhusker State.
For more reading on life in Gering, check out:
- Living In Gering
- Gering Crime Report
- Search Homes For Sale In Gering, NE
In Nebraska
In America
Gering Cost Of Living Vs. Nebraska
Six factors go into calculating the cost of living index in Gering. Here is how it fairs on each of the criteria:
The Services index in Gering is 96.
The Groceries index in Gering is 106.
The Health index in Gering is 95.
The Housing index in Gering is 68.
The Transportation index in Gering is 88.
The Utilities index in Gering is 87.
| Living Expense | Gering | Nebraska | National Average | |
|---|---|---|---|---|
| Overall | 87 | 91 | 100 | |
| Services | 96 | 95 | 100 | |
| Groceries | 106 | 96 | 100 | |
| Health | 95 | 99 | 100 | |
| Housing | 68 | 80 | 100 | |
| Transportation | 88 | 99 | 100 | |
| Utilities | 87 | 86 | 100 | |
Gering, NE Housing Cost Breakdown
Housing swings affordability the most between places in Nebraska, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Gering is $146,800.
The Median Rent in Gering is $780.
The Median Income in Gering is $64,631.
The Home Value To Income in Gering is 2.3x.
The Rent To Monthly Income in Gering is 0.14x.
| Statistic | Gering | Nebraska | United States |
|---|---|---|---|
| Median Home Value | $146,800 | $174,100 | $244,900 |
| Median Rent | $780 | $909 | $1,163 |
| Median Income | $64,631 | $66,644 | $69,021 |
| Home Value To Income | 2.3x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.16x | 0.2x |
Median Home Value
Median Rent
Median Income
Gering, NE Costs By Category
Detailed Gering Services Costs Vs. Nebraska
Detailed Gering Groceries Costs Vs. Nebraska
Detailed Gering Health Costs Vs. Nebraska
Detailed Gering Transportation Costs Vs. Nebraska
Detailed Gering Utilities Costs Vs. Nebraska
Gering SnackAbility
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Cost Of Living In Cities Around Gering
The cost of living varies in the cities and towns around Gering. Here's a quick look at the cost of living in the most populous nearby places:
Scottsbluff, NE has a cost of living index of 86, 1.0x Gering.
Alliance, NE has a cost of living index of 81, 0.9x Gering.
Torrington, WY has a cost of living index of 89, 1.0x Gering.
| City | Population | Cost Of Living | Vs. Gering |
|---|---|---|---|
| Scottsbluff, NE | 14,511 | 86 | 1.0x |
| Alliance, NE | 8,141 | 81 | 0.9x |
| Torrington, WY | 6,196 | 89 | 1.0x |
