Housing costs in Spencer?
A typical home costs
$108,400, which is 67.9% less expensive than the national average of
$338,100 and 52.5% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Spencer 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 Spencer?
To live comfortably in Spencer, Nebraska, a minimum annual income of
$20,880 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Spencer?
Spencer, NE is an affordable place to live. The cost of living index for the city is 77.6, which is much lower than the U.S. average of 100. Housing costs are particularly attractive; according to a 2019 report, the median home value in Spencer was only $77,700. In addition to being affordable, Spencer boasts other benefits like its small-town charm and close proximity to larger cities like Omaha and Lincoln. Overall, living in Spencer provides a great balance between affordability and convenience.