Cost of living in McCook 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 McCook 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 McCook is 80, with 100 being the average.
The cost of living index in McCook is 0.8x lower than the national average.
McCook ranks as the #1 cheapest in Nebraska out of 34.
McCook ranks as the #112 cheapest out of 6,489 in the US.
The median home value in McCook is $176,665.
The median income in McCook is $51,815.
According to the most recent data on the cost of living, McCook has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Nebraska, McCook has a cost of living index that's 0.9x lower than Nebraska's index of 89.
The standard of living in McCook ranks as #1 most affordable out of the 34 places we measured in Nebraska. By definition, that implies McCook ranks as the #33 most expensive place in the Cornhusker State.
For more reading on life in McCook, check out:
Six factors go into calculating the cost of living index in McCook. Here is how it fairs on each of the criteria:
The Services index in McCook is 89.
The Groceries index in McCook is 95.
The Health index in McCook is 97.
The Housing index in McCook is 63.
The Transportation index in McCook is 98.
The Utilities index in McCook is 81.
| Living Expense | McCook | Nebraska | National Average | |
|---|---|---|---|---|
| Overall | 80 | 89 | 100 | |
| Services | 89 | 94 | 100 | |
| Groceries | 95 | 97 | 100 | |
| Health | 97 | 99 | 100 | |
| Housing | 63 | 77 | 100 | |
| Transportation | 98 | 100 | 100 | |
| Utilities | 81 | 86 | 100 | |
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 2019-2023. The key points are:
The Median Home Value in McCook is $176,665.
The Median Rent in McCook is $783.
The Median Income in McCook is $51,815.
The Home Value To Income in McCook is 3.4x.
The Rent To Monthly Income in McCook is 0.18x.