Housing costs in Nelson?
A typical home costs
$57,400, which is 83.0% less expensive than the national average of
$338,100 and 74.8% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Nelson costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 34.7% cheaper than the state average of
$970.
Can I afford Nelson?
To live comfortably in Nelson, Nebraska, a minimum annual income of
$11,160 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Nelson?
Nelson, NE has a relatively low cost of living compared to the national average. The median home value is around $90,000, and real estate prices are generally affordable in comparison to other areas. The cost of goods and services is also quite low, with groceries costing just over 5% less than the national average. Utility costs are very reasonable, as well, with electricity, natural gas, and water all costing below the national average. Transportation costs are also quite low given that Nelson is small and doesn't require extensive travel to major metropolitan areas. All of these factors make Nelson an attractive place for people looking for an affordable place to live.