Grand Island, NE Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Grand Island, NE Summary

Cost of living in Grand Island 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 Grand Island 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 Grand Island is 88, with 100 being the average.

  • The cost of living index in Grand Island is 0.9x lower than the national average.

  • Grand Island ranks as the #17 cheapest in Nebraska out of 34.

  • Grand Island ranks as the #1,278 cheapest out of 6,412 in the US.

  • The median home value in Grand Island is $157,400.

  • The median income in Grand Island is $58,162.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
88
Grand Island's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Grand Island, NE?

According to the most recent data on the cost of living, Grand Island has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.

Compared to Nebraska, Grand Island has a cost of living index that's 1.0x lower than Nebraska's index of 91.

The standard of living in Grand Island ranks as #17 most affordable out of the 34 places we measured in Nebraska. By definition, that implies Grand Island ranks as the #17 most expensive place in the Cornhusker State.

For more reading on life in Grand Island, check out:

17 out of 34
In Nebraska
1,278 out of 6,412
In America

Grand Island Cost Of Living Vs. Nebraska

Six factors go into calculating the cost of living index in Grand Island. Here is how it fairs on each of the criteria:

  • The Services index in Grand Island is 96.

  • The Groceries index in Grand Island is 102.

  • The Health index in Grand Island is 97.

  • The Housing index in Grand Island is 69.

  • The Transportation index in Grand Island is 92.

  • The Utilities index in Grand Island is 82.

Living Expense Grand Island Nebraska National Average
Overall 88 91 100
Services 96 95 100
Groceries 102 96 100
Health 97 99 100
Housing 69 80 100
Transportation 92 99 100
Utilities 82 86 100
For more reading on cost of living around Nebraska, check out:
Grand Island Cost of Living Vs. NE

Grand Island, 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 Grand Island is $157,400.

  • The Median Rent in Grand Island is $807.

  • The Median Income in Grand Island is $58,162.

  • The Home Value To Income in Grand Island is 2.7x.

  • The Rent To Monthly Income in Grand Island is 0.17x.

Statistic Grand Island Nebraska United States
Median Home Value $157,400 $174,100 $244,900
Median Rent $807 $909 $1,163
Median Income $58,162 $66,644 $69,021
Home Value To Income 2.7x 2.6x 3.5x
Rent To Monthly Income 0.17x 0.16x 0.2x
Search Homes For Sale In Grand Island, NE
$157,400
Median Home Value
$807
Median Rent
$58,162
Median Income

Grand Island, NE Costs By Category

Detailed Grand Island Services Costs Vs. Nebraska

Item Grand Island Nebraska
Shampoo $1.06 $1.06
Movie $8.5 $10.68
Bowling $10.0 $14.67
Haircut $12.0 $18.62
Beauty Salon $25.0 $39.05

Detailed Grand Island Groceries Costs Vs. Nebraska

Item Grand Island Nebraska
Ground Beef $3.32 $4.22
Fried Chicken $1.78 $1.39
Milk $1.92 $2.05
Potatoes $3.33 $3.29
Pizza $10.69 $10.62
Beer $8.6 $9.38
Toothpaste $3.05 $2.34

Detailed Grand Island Health Costs Vs. Nebraska

Item Grand Island Nebraska
Optometrist $110.0 $108.57
Doctor $126.0 $116.17
Dentist $75.0 $99.13

Detailed Grand Island Transportation Costs Vs. Nebraska

Item Grand Island Nebraska
Gasoline $2.11 $2.22
Tire Balancing $45.82 $50.07

Detailed Grand Island Utilities Costs Vs. Nebraska

Item Grand Island Nebraska
All Electricity $109.11 $167.67
Phone $192.32 $175.64

Grand Island SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
6
Affordability
8
Diversity
8.5
Safety
5
Amenities
8.5
Education
6
Commute
9.5

Cost Of Living In Cities Around Grand Island

The cost of living varies in the cities and towns around Grand Island. Here's a quick look at the cost of living in the most populous nearby places:

  • Kearney, NE has a cost of living index of 90, 1.0x Grand Island.

  • Hastings, NE has a cost of living index of 82, 0.9x Grand Island.

City Population Cost Of Living Vs. Grand Island
Kearney, NE 33,558 90 1.0x
Hastings, NE 25,247 82 0.9x

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