Quick facts: Creston, NE

Quick Facts

94.7
Cost of Living
below US average
172
Population
29.07
Crime Rate per 1000
above US average
$53,750
Median Income
below US average
$154,500
Median House Price
above US average
$1313
Average Rent
below US average
5%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

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 $53,750.

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Income Needed to Buy

βœ“ Affordable
$48k/year
Based on $154,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($53,750) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1313/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $53,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Creston, NE

Creston is a small village located in Nance County, Nebraska. With a population of around 200 residents, it embodies the charm and close-knit community often found in rural America. The village is situated near the picturesque Loup River, making it a serene spot with natural beauty. Creston is primarily agricultural, surrounded by vast fields and farms, which contribute to the economy and lifestyle of the area. The village has a few local businesses that serve the community, including a general store and dining options that create a friendly atmosphere for residents and visitors alike. Nearby, you'll find recreational activities such as fishing and hiking along the riverbanks, as well as opportunities for wildlife observation. Creston's proximity to larger towns, such as Fullerton and Columbus, provides residents access to more extensive amenities while maintaining the peacefulness of small-town life. Overall, Creston offers a quiet and friendly environment, making it a lovely place to live or visit for anyone seeking a back-to-basics experience in Nebraska's heartland.

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