Housing costs in Lincoln?
A typical home costs
$207,900, which is 38.5% less expensive than the national average of
$338,100 and 8.9% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Lincoln costs
$920 per month, which is 5.2% cheaper than the national average of
$970 and 5.4% cheaper than the state average of
$970.
Can I afford Lincoln?
To live comfortably in Lincoln (zip 68507), Nebraska, a minimum annual income of
$39,960 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Lincoln?
The cost of living in 68507 Lincoln, NE is relatively low compared to other major cities in the U.S. According to BestPlaces's Cost of Living Index for Lincoln, the overall cost of living index is 76.02, which is lower than the national average at 100. Rent prices are especially low, with an average one-bedroom apartment coming in around $720/month and a three-bedroom house renting for around $1,200/month on average. Groceries and restaurant meal prices are also much lower than the national averages, making it easy to stay within a budget while living in this area. Additionally, transportation costs are quite reasonable with gas prices averaging around $2.20 per gallon and bus fares costing just $1 per ride. Overall, living in 68507 Lincoln provides plenty of great amenities without breaking the bank!