Housing costs in Farwell?
A typical home costs
$272,300, which is 19.5% less expensive than the national average of
$338,100 and 19.4% more expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Farwell costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 14.1% cheaper than the state average of
$970.
Can I afford Farwell?
To live comfortably in Farwell, Nebraska, a minimum annual income of
$52,200 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Farwell?
The cost of living in Farwell, NE is relatively low compared to other areas. The median home price in the area is around $90,000 with a median household income of $44,000. The overall cost of living index for the area is about 85.2 which is lower than the national average of 100. Food and housing costs are particularly low when compared to other parts of the country, making Farwell an attractive option for people looking for a more affordable place to live. Property taxes in Farwell are also quite low and there are no state income taxes, which further reduces the cost of living for residents here. Overall, living in Farwell can be very affordable when it comes to everyday expenses and cost of living.