Cost of living in Holdrege 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 Holdrege 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 Holdrege is 84, with 100 being the average.
The cost of living index in Holdrege is 0.8x lower than the national average.
Holdrege ranks as the #6 cheapest in Nebraska out of 34.
Holdrege ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Holdrege is $135,100.
The median income in Holdrege is $55,313.
According to the most recent data on the cost of living, Holdrege has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Nebraska, Holdrege has a cost of living index that's 0.9x lower than Nebraska's index of 91.
The standard of living in Holdrege ranks as #6 most affordable out of the 34 places we measured in Nebraska. By definition, that implies Holdrege ranks as the #28 most expensive place in the Cornhusker State.
For more reading on life in Holdrege, check out:
Six factors go into calculating the cost of living index in Holdrege. Here is how it fairs on each of the criteria:
The Services index in Holdrege is 95.
The Groceries index in Holdrege is 102.
The Health index in Holdrege is 95.
The Housing index in Holdrege is 57.
The Transportation index in Holdrege is 96.
The Utilities index in Holdrege is 84.
Living Expense | Holdrege | Nebraska | National Average | |
---|---|---|---|---|
Overall | 84 | 91 | 100 | |
Services | 95 | 95 | 100 | |
Groceries | 102 | 96 | 100 | |
Health | 95 | 99 | 100 | |
Housing | 57 | 80 | 100 | |
Transportation | 96 | 99 | 100 | |
Utilities | 84 | 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 Holdrege is $135,100.
The Median Rent in Holdrege is $687.
The Median Income in Holdrege is $55,313.
The Home Value To Income in Holdrege is 2.4x.
The Rent To Monthly Income in Holdrege is 0.15x.
Statistic | Holdrege | Nebraska | United States |
---|---|---|---|
Median Home Value | $135,100 | $174,100 | $244,900 |
Median Rent | $687 | $909 | $1,163 |
Median Income | $55,313 | $66,644 | $69,021 |
Home Value To Income | 2.4x | 2.6x | 3.5x |
Rent To Monthly Income | 0.15x | 0.16x | 0.2x |
The cost of living varies in the cities and towns around Holdrege. 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 Holdrege.
City | Population | Cost Of Living | Vs. Holdrege |
---|---|---|---|
Kearney, NE | 33,558 | 90 | 1.1x |