A wise sage once said:
“She works hard for the money…”
And these places in Nebraska definitely treat her right.
You see, these are the cities and places in Nebraska where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Cornhusker State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 32 largest places in Nebraska, we were left with this set of the best value for your money.
So where is the cheapest place to live in Nebraska? That would be Alliance.
So listen up Omaha (the most expensive place in Nebraska) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Nebraska and the cheapest places in the country:
The 10 Cheapest Places To Live In Nebraska For 2019
Alliance is a city in Box Butte County, in the northwestern part of the state of Nebraska, in the Great Plains region of the United States. Its population was 8,491 at the 2010 census. It is the county seat of Box Butte County.
The median income in Alliance comes in at $54,291 and the median home value is $98,800 for 2019.
Schuyler is a city in Colfax County, Nebraska, United States. The population was 6,211 at the 2010 census. It is the county seat of Colfax County. The city is named after former Vice President of the United States, Schuyler Colfax.
The median income in Schuyler comes in at $53,756 and the median home value is $95,100 for 2019.
Sidney is a city and county seat of Cheyenne County, Nebraska, United States. The population was 6,757 at the 2010 census.
The median income in Sidney comes in at $61,667 and the median home value is $125,900 for 2019.
Holdrege is a city in Phelps County, Nebraska, United States. The population was 5,495 at the 2010 census. It is the county seat of Phelps County. The Nebraska Prairie Museum is located in Holdrege.
The median income in Holdrege comes in at $48,900 and the median home value is $111,100 for 2019.
McCook is a city and county seat of Red Willow County, Nebraska, United States. The population was 7,698 at the 2010 census.
The median income in Mccook comes in at $40,372 and the median home value is $88,000 for 2019.
Lexington is a city in Dawson County, Nebraska, United States. The population was 10,230 at the 2010 census. It is the county seat of Dawson County. Lexington is located in southern Nebraska, on the Platte River, southeast of North Platte. It sits along the route of U.S. Route 30 and the Union Pacific Railroad. In the 1860s it was the location of a stop along the Pony Express.
The median income in Lexington comes in at $49,881 and the median home value is $89,300 for 2019.
Beatrice is a city in and the county seat of Gage County, Nebraska. Its population was 12,459 at the 2010 census. It is located 40 miles south of Lincoln on the Big Blue River. It is surrounded by agricultural country.
The median income in Beatrice comes in at $44,134 and the median home value is $98,800 for 2019.
Gering is a city in Scotts Bluff County, Nebraska, United States. The population was 8,500 at the 2010 census. It is the county seat of Scotts Bluff County.
The median income in Gering comes in at $56,010 and the median home value is $124,100 for 2019.
Hastings is a city and county seat of Adams County, Nebraska, United States. The population was 24,907 at the 2010 census. It is known as the town where Kool-Aid was invented by Edwin Perkins in 1927, and celebrates that event with the Kool-Aid Days festival every August. Hastings is also known for Fisher Fountain, and during World War II operated the largest Naval Ammunition Depot in the United States.
The median income in Hastings comes in at $47,700 and the median home value is $108,900 for 2019.
North Platte is a city in and the county seat of Lincoln County, Nebraska, United States. It is located in the southwestern part of the state, along Interstate 80, at the confluence of the North and South Platte Rivers forming the Platte River. The population was 24,733 at the 2010 census.
The median income in North Platte comes in at $50,422 and the median home value is $115,300 for 2019.
How We Determined The Most Affordable Places To Live In The Cornhusker State For 2019
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Nebraska to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 32 places in Nebraska that have more than 5,000 people.
The place with the lowest cost of living in Nebraska according to the data is Alliance.
There You Have It Mr. Or Mrs. Nebraska Cheapskate
If you’re looking at the cost of living numbers in Nebraska, this is an accurate list of the most affordable places to live in nebraska for 2019.
Here’s a look at the most expensive cities in Nebraska according to the data:
For more Nebraska reading, check out: