Housing costs in Grand Island?
A typical home costs
$170,600, which is 49.5% less expensive than the national average of
$338,100 and 25.2% less expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Grand Island costs
$890 per month, which is 8.2% cheaper than the national average of
$970 and close to the state average of
$880.
Can I afford Grand Island?
To live comfortably in Grand Island (zip 68801), Nebraska, a minimum annual income of
$32,760 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Grand Island?
The cost of living in 68801 Grand Island, NE is generally quite affordable. The median home value is lower than the national average at just over $125,000, while the median household income is slightly above the national average at around $50,000. Food costs are also relatively low, with grocery prices averaging about 14% lower than the national average. Utilities are similarly economical with electricity rates being approximately 13% lower than the US average. In general, 68801 Grand Island offers an excellent quality of life at an affordable price.