Magnet, NE Cost of Living


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United States / Nebraska / No Metro Area / Cedar County / Magnet / Zip Codes

Magnet cost of living score
80.1
Less expensive
19.9% lower
than the US average
8.8% lower
than the Nebraska average
Magnet, Nebraska gets a BestPlaces Cost of Living score of 80.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 19.9% lower than the U.S. average and 8.8% higher than the average for Nebraska.

Magnet, NE

Housing costs in Magnet?
A typical home costs $62,600, which is 81.5% less expensive than the national average of $338,100 and 72.6% less expensive than the average Nebraska home, at $228,100. Renting a two-bedroom unit in Magnet costs $740 per month, which is 48.3% cheaper than the national average of $1,430 and 31.1% cheaper than the state average of $970.

Can I afford Magnet?
To live comfortably in Magnet, Nebraska, a minimum annual income of $11,880 for a family, and $22,400 for a single person is recommended.

What does A.I. say about Magnet?
The cost of living in Magnet, NE is relatively low compared to most other cities. The median home price is around $59,000 and the median household income is around $51,000. Rent prices are also quite reasonable, with the average rent for a two bedroom apartment coming in at just under $600 per month. There are also various restaurants and grocery stores located within the city limits offering affordable food options. Overall, Magnet, NE offers a reasonably priced lifestyle with plenty of amenities to fit any budget.
   Cost of living score
     CategoriesMagnetNebraskaUnited States
  80.187.8100.0
  91.394.9100
  148.5131.3100.0
  23.270.3100.0
  $62,600$228,100$338,100
  87.0%95.0%100.0%
  64.676.1100.0
  107.5114.3100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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