Housing costs in Gering?
A typical home costs
$165,600, which is 51.0% less expensive than the national average of
$338,100 and 27.4% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Gering 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 Gering?
To live comfortably in Gering, Nebraska, a minimum annual income of
$31,680 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Gering?
The cost of living in Gering, NE is quite affordable. Housing prices are very reasonable with the median home costing around $125,000. This means that a person could buy an average sized home for less than the national median price of around $216,000. Additionally, the cost of groceries and utilities are lower than the national averages as well. The overall cost of living in Gering is 17% lower than the rest of the United States, making it a great place to live for people on a budget.