Cost of Living in Farwell, NE
Housing
The housing market plays a significant role in determining the cost of living in Farwell, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: $72,000
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
Considering a move to Farwell, NE? With a median home price of 72000, the affordability seems attractive for home buyers, especially in today's market where many areas have skyrocketing prices. However, given that the housing index registers at 89.7, potential renters might struggle due to the absence of rentals—both apartments and houses being priced at 1313 and 1427 respectively. It's crucial to weigh your long-term goals carefully, as homeownership might become an advantageous investment in the long run. Consider how this fits into your financial plans before making the leap!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Farwell, NE.
- Electricity Price: $12.92 USD (median by state)
- Natural Gas Price: $13.89 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Farwell, NE could entail higher utility costs. Electricity costs sit at $12.92, while natural gas is priced at $13.89 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Farwell is a financially viable option for your relocation.