Cost of Living in Grand island, NE
Housing
The housing market plays a significant role in determining the cost of living in Grand island, NE.
- Housing Index: 85.0 / 100
- Median Home Price is: $282,500
- Average Rent (2 BR Apartment): $1104 per month
- Average Rent (2 BR House): $1200 per month
Considering a move to Grand island, NE? The housing index stands at 85.0, indicating a balanced market for homebuyers. With a median home price of 282500, it's positioned below the national average, making homeownership more attainable. Rental options are also budget-friendly: the average rent for a 2-bedroom apartment is just 1104, while a 2-bedroom house averages 1200. Furthermore, the area's economic growth and community amenities are additional advantages to explore. Overall, Grand island presents a compelling case for those seeking affordable housing options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Grand island, 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.): $200 per month
Living in Grand island, 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 $200 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 Grand island is a financially viable option for your relocation.