Housing costs in Bellwood?
A typical home costs
$197,200, which is 41.7% less expensive than the national average of
$338,100 and 13.5% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Bellwood costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 16.9% cheaper than the state average of
$970.
Can I afford Bellwood?
To live comfortably in Bellwood, Nebraska, a minimum annual income of
$37,800 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Bellwood?
The cost of living in Bellwood, NE is quite affordable. The median home value in the city is just under $105,000, making it one of the most affordable cities to live in the state. The median household income for residents is around $45,000 and the poverty rate is below the national average. Residents can expect to pay on average about $500 a month for utilities including electricity, water, and garbage. Taxes are also relatively low with the sales tax at 5.5%, and property taxes varying depending on the county. Overall, Bellwood offers a very reasonable cost of living that allows locals to enjoy their quality of life without breaking the bank.