Housing costs in Elmwood?
A typical home costs
$265,900, which is 21.4% less expensive than the national average of
$338,100 and 16.6% more expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Elmwood costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 12.8% cheaper than the state average of
$970.
Can I afford Elmwood?
To live comfortably in Elmwood, Nebraska, a minimum annual income of
$51,120 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Elmwood?
The cost of living in Elmwood, NE is relatively low compared to the national average. The median home price is around $130,000 and housing expenses account for only 24% of the total household budget. The unemployment rate for the city stands at 2.8%, and the average commute is just 18 minutes. Furthermore, the cost of groceries, transportation, utilities, and healthcare all remain below the national averages. With its low costs and convenient location near Omaha and Lincoln, Elmwood has become an attractive place for people looking for a more affordable lifestyle.