Housing costs in Amherst?
A typical home costs
$327,900, which is 3.0% less expensive than the national average of
$338,100 and 43.8% more expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Amherst costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 4.3% cheaper than the state average of
$970.
Can I afford Amherst?
To live comfortably in Amherst, Nebraska, a minimum annual income of
$63,000 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Amherst?
The cost of living in Amherst, NE is relatively low compared to other Nebraska cities. The median home value is about $97,000 which is significantly lower than the state median of $141,000. Housing prices are also very reasonable at an average cost of $794 per month for rent or a monthly mortgage payment of around $1,021 for those looking to purchase a home. The overall cost of living in Amherst is 8% lower than the US average and 6% lower than the Nebraska average. With low housing costs, low taxes and inexpensive transportation options, Amherst offers a great opportunity for residents to save money over time while still enjoying all the amenities that come with living in a small rural town.