Quick facts: Saint edward, NE

Quick Facts

94.7
Cost of Living
below US average
718
Population
6.96
Crime Rate per 1000
below US average
$47,222
Median Income
below US average
$80,000
Median House Price
above US average
$900.0
Average Rent
below US average
8%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $47,222.

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Income Needed to Buy

βœ“ Affordable
$25k/year
Based on $80,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($47,222) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$39k/year
Based on $900.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($47,222) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Saint edward, NE

Saint Edward is a small yet charming village located in Boone County, Nebraska. With a population of around 1,000 residents, it embodies the spirit of rural America. Nestled in the heart of Nebraska, Saint Edward is known for its friendly community atmosphere and a slower pace of life, making it an appealing place for those seeking a quieter lifestyle. The village is rich in agricultural heritage, surrounded by beautiful green fields and farmland, which contributes to its picturesque landscape. Saint Edward features essential local amenities including restaurants, shops, and parks, fostering a sense of community among its residents. Culturally, the city hosts various events throughout the year, bringing residents together for celebrations and activities that highlight local traditions. Its proximity to larger towns allows residents to enjoy both the tranquility of rural living and easy access to urban conveniences when needed. Overall, Saint Edward is an idyllic location for those looking to experience small-town charm and the close-knit relationships found in communities of Nebraska.

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