Cost of living in Hastings 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 Hastings 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 Hastings is 82, with 100 being the average.
The cost of living index in Hastings is 0.8x lower than the national average.
Hastings ranks as the #3 cheapest in Nebraska out of 34.
Hastings ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Hastings is $133,300.
The median income in Hastings is $54,606.
According to the most recent data on the cost of living, Hastings has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Nebraska, Hastings has a cost of living index that's 0.9x lower than Nebraska's index of 91.
The standard of living in Hastings ranks as #3 most affordable out of the 34 places we measured in Nebraska. By definition, that implies Hastings ranks as the #31 most expensive place in the Cornhusker State.
For more reading on life in Hastings, check out:
Six factors go into calculating the cost of living index in Hastings. Here is how it fairs on each of the criteria:
The Services index in Hastings is 97.
The Groceries index in Hastings is 101.
The Health index in Hastings is 98.
The Housing index in Hastings is 61.
The Transportation index in Hastings is 95.
The Utilities index in Hastings is 83.
Living Expense | Hastings | Nebraska | National Average | |
---|---|---|---|---|
Overall | 82 | 91 | 100 | |
Services | 97 | 95 | 100 | |
Groceries | 101 | 96 | 100 | |
Health | 98 | 99 | 100 | |
Housing | 61 | 80 | 100 | |
Transportation | 95 | 99 | 100 | |
Utilities | 83 | 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 Hastings is $133,300.
The Median Rent in Hastings is $749.
The Median Income in Hastings is $54,606.
The Home Value To Income in Hastings is 2.4x.
The Rent To Monthly Income in Hastings is 0.16x.
Statistic | Hastings | Nebraska | United States |
---|---|---|---|
Median Home Value | $133,300 | $174,100 | $244,900 |
Median Rent | $749 | $909 | $1,163 |
Median Income | $54,606 | $66,644 | $69,021 |
Home Value To Income | 2.4x | 2.6x | 3.5x |
Rent To Monthly Income | 0.16x | 0.16x | 0.2x |
The cost of living varies in the cities and towns around Hastings. 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, 1.1x Hastings.
York, NE has a cost of living index of 86, 1.0x Hastings.
City | Population | Cost Of Living | Vs. Hastings |
---|---|---|---|
Kearney, NE | 33,558 | 90 | 1.1x |
York, NE | 8,091 | 86 | 1.0x |