Cost of Living in Niobrara, NE
Housing
The housing market plays a significant role in determining the cost of living in Niobrara, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: $163,000
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
In considering a move to Niobrara, NE, the housing data presents intriguing insights. With a median home price at 163000, it suggests a relatively affordable entry point compared to many other markets. However, the housing index at 89.7 signals caution, as this may indicate a lack of overall housing activity or stability. Furthermore, the absence of average rental prices for 2-bedroom apartments at 1313 and houses at 1427 underlines gaps in the rental market. This combination may lead prospective residents to weighing longer-term investment in purchasing versus renting carefully.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Niobrara, 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 Niobrara, 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 Niobrara is a financially viable option for your relocation.