Housing costs in Lorenzo?
A typical home costs
$145,600, which is 56.9% less expensive than the national average of
$338,100 and 36.2% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Lorenzo costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 10.2% cheaper than the state average of
$970.
Can I afford Lorenzo?
To live comfortably in Lorenzo, Nebraska, a minimum annual income of
$27,720 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Lorenzo?
The cost of living in Lorenzo, NE is quite affordable. The average house costs around $90,000, which is substantially lower than many places in the United States. The average utility bill for a family of four is only about $130 a month and groceries are inexpensive due to the small population. Additionally, the state income tax rate is only 4.69%, making it one of the lowest in the nation. All this makes Lorenzo an attractive place for those looking for a more affordable cost of living without sacrificing quality of life.