Cost of Living in Genoa, NE
Housing
The housing market plays a significant role in determining the cost of living in Genoa, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
Considering a move to Genoa, NE? The housing market appears to be surprisingly favorable. With a median home price at just 150000, owning a home could be a viable option. However, the current data shows a housing index of 89.7, indicating potential gaps in available rental properties, as the average rent for a 2BR apartment and house are both at 1313 and 1427, respectively. This could mean fewer options for renters. It's important to weigh the benefits of homeownership versus the rental landscape in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Genoa, 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 Genoa, 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 Genoa is a financially viable option for your relocation.