Cost of Living in Loup city, NE
Housing
The housing market plays a significant role in determining the cost of living in Loup city, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: $159,000
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
When considering a move to Loup city, NE, analyzing the housing market reveals a housing index of 89.7, indicating relatively affordable options. With a median home price of 159000, purchasing a home is more economical than renting, especially with average rents at 1313 for a 2-bedroom apartment and 1427 for a 2-bedroom house. Additionally, the cost-effective housing may attract a diverse community and bolster local amenities, making Loup city an appealing option for potential residents looking for affordability along with lifestyle benefits.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Loup city, 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 Loup city, 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 Loup city is a financially viable option for your relocation.