Housing costs in May?
A typical home costs
$163,500, which is 51.6% less expensive than the national average of
$338,100 and 28.3% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in May costs
$860 per month, which is 39.9% more than the national average of
$1,430 and 12.8% cheaper than the state average of
$970.
Can I afford May?
To live comfortably in May, Nebraska, a minimum annual income of
$31,320 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about May?
The cost of living in May, NE is affordable for most residents. According to the BestPlaces Bureau, the median household income of May, NE is $59,155 and the median home value is $142,900. In comparison to other parts of Nebraska and the nation as a whole, rents in May are relatively low with an average rent of $767 per month. Additionally, goods and services are typically priced at or slightly below the national average making everyday items such as groceries reasonably priced. While housing can be expensive in certain neighborhoods, overall the cost of living in May is generally quite affordable for its residents.