Cost of Living in Mullen, NE
Housing
The housing market plays a significant role in determining the cost of living in Mullen, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: $217,500
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
In Mullen, NE, the housing market presents some striking statistics. With a median home price of 217500, purchasing a home may be more affordable compared to nearby markets. However, the lack of data for the housing index and both average rent for a 2-bedroom apartment and house could indicate limited rental inventory or fluctuations in demand. Potential homeowners can make advantageous moves considering the current housing affordability, but it’s essential to monitor emerging trends carefully. Considering more local context and amenities in Mullen will also be crucial in informing your final decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mullen, 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 Mullen, 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 Mullen is a financially viable option for your relocation.