Housing costs in Red Cloud?
A typical home costs
$80,800, which is 76.1% less expensive than the national average of
$338,100 and 64.6% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Red Cloud costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 31.1% cheaper than the state average of
$970.
Can I afford Red Cloud?
To live comfortably in Red Cloud, Nebraska, a minimum annual income of
$15,480 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Red Cloud?
The cost of living in Red Cloud, NE is quite affordable and significantly lower than the national average. The overall cost of living index is 72.3, which is 28.7% lower than the national average of 101. Additionally, the housing index in Red Cloud is 59.1, which is nearly 40% lower than the national average, making this small town an ideal place for those looking to stretch their budget further while still enjoying the quality amenities associated with a larger city. A one-bedroom apartment can be found for as low as $500 a month and groceries are also relatively inexpensive when compared to other comparable areas in the country. All in all, living in Red Cloud provides an opportunity to have more money left over at the end of each month.