Cost of living in Crete 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 Crete 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 Crete is 87, with 100 being the average.
The cost of living index in Crete is 0.9x lower than the national average.
Crete ranks as the #14 cheapest in Nebraska out of 34.
Crete ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Crete is $94,400.
The median income in Crete is $51,520.
According to the most recent data on the cost of living, Crete has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Nebraska, Crete has a cost of living index that's 1.0x lower than Nebraska's index of 91.
The standard of living in Crete ranks as #14 most affordable out of the 34 places we measured in Nebraska. By definition, that implies Crete ranks as the #20 most expensive place in the Cornhusker State.
For more reading on life in Crete, check out:
Six factors go into calculating the cost of living index in Crete. Here is how it fairs on each of the criteria:
The Services index in Crete is 101.
The Groceries index in Crete is 98.
The Health index in Crete is 108.
The Housing index in Crete is 63.
The Transportation index in Crete is 103.
The Utilities index in Crete is 88.
Living Expense | Crete | Nebraska | National Average | |
---|---|---|---|---|
Overall | 87 | 91 | 100 | |
Services | 101 | 95 | 100 | |
Groceries | 98 | 96 | 100 | |
Health | 108 | 99 | 100 | |
Housing | 63 | 80 | 100 | |
Transportation | 103 | 99 | 100 | |
Utilities | 88 | 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 2017-2021. The key points are:
The Median Home Value in Crete is $94,400.
The Median Rent in Crete is $723.
The Median Income in Crete is $51,520.
The Home Value To Income in Crete is 1.8x.
The Rent To Monthly Income in Crete is 0.17x.
Statistic | Crete | Nebraska | United States |
---|---|---|---|
Median Home Value | $94,400 | $174,100 | $244,900 |
Median Rent | $723 | $909 | $1,163 |
Median Income | $51,520 | $66,644 | $69,021 |
Home Value To Income | 1.8x | 2.6x | 3.5x |
Rent To Monthly Income | 0.17x | 0.16x | 0.2x |
The cost of living varies in the cities and towns around Crete. Here's a quick look at the cost of living in the most populous nearby places:
Lincoln, NE has a cost of living index of 95, 1.1x Crete.
City | Population | Cost Of Living | Vs. Crete |
---|---|---|---|
Lincoln, NE | 289,136 | 95 | 1.1x |