Housing costs in Lincoln?
A typical home costs
$220,400, which is 34.8% less expensive than the national average of
$338,100 and 3.4% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Lincoln costs
$1,050 per month, which is 8.2% more than the national average of
$970 and 7.6% more than the state average of
$970.
Can I afford Lincoln?
To live comfortably in Lincoln (zip 68505), Nebraska, a minimum annual income of
$42,120 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Lincoln?
The cost of living in Lincoln, NE is quite reasonable given the city's size. According to Sperling's Best Places, the cost of living in 68505 is 4% lower than the U.S. average and housing costs are particularly attractive, with an overall index of 74.7%. The median home price in Lincoln is $168,400 and the median monthly rent for a two-bedroom apartment is just over $1,000. Utilities such as electricity and water are also affordable at an average of around $200 per month. Groceries are generally inexpensive too, so residents can expect to get good value on the products they purchase. All in all, Lincoln has a very reasonable cost of living that makes it attractive to those looking for an affordable place to call home.