Quick facts: Amherst, NE

Quick Facts

94.7
Cost of Living
below US average
199
Population
Crime rate Data is updating, will be available soon
$63,929
Median Income
below US average
$399,900
Median House Price
above US average
$1313
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $63,929.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $63,929
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1313/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($63,929) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Amherst, NE

Amherst is a small village located in Buffalo County, Nebraska. It is part of the Kearney Micropolitan Statistical Area and offers a quaint, rural lifestyle. With a population of just around 200 residents, the community is tight-knit and friendly, making it an inviting place for families and individuals seeking a peaceful environment. The village is primarily residential, characterized by its agricultural surroundings and open landscapes. It provides a glimpse into small-town American life, with local events and gatherings fostering strong community bonds. Residents often enjoy outdoor activities, taking advantage of the beautiful Nebraska landscape. Nearby, Kearney, a larger city, offers a variety of amenities, including shopping, dining, and recreational activities. Amherst is also conveniently located near the Platte River, which adds to the area's natural beauty and opportunities for fishing, hiking, and other outdoor pursuits. Overall, Amherst embodies the charm of rural living while being in proximity to the conveniences of a larger city, making it an appealing choice for those looking to escape the hustle and bustle of urban life.

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