Cost of Living in Murray, NE
Housing
The housing market plays a significant role in determining the cost of living in Murray, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: $260,000
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
Considering the data for Murray, NE, the median home price stands at 260000, indicating a potentially affordable entry point for homebuyers. However, with the housing index at 89.7, it suggests a very limited rental market, perhaps pointing to a lack of available rental properties. If rent prices for 2-bedroom apartments and houses are reported as 1313 and 1427 respectively, it could reflect a stagnant or underdeveloped market. Buyers and renters may want to weigh these factors against their lifestyle needs and job location before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Murray, 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 Murray, 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 Murray is a financially viable option for your relocation.