Housing costs in Lincoln?
A typical home costs
$354,400, which is 4.8% more expensive than the national average of
$338,100 and 55.4% more expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Lincoln costs
$1,110 per month, which is 14.4% more than the national average of
$970 and 12.6% more than the state average of
$970.
Can I afford Lincoln?
To live comfortably in Lincoln (zip 68516), Nebraska, a minimum annual income of
$68,040 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Lincoln?
The cost of living in 68516 Lincoln, NE is relatively low compared to the national average. The median home price in this zip code is approximately $198,000, which is well below the US median home price of $222,000. Additionally, taxes and other living expenses such as transportation and health care are relatively low in this area. For example, the Nebraska state income tax rate is 6.45%, while the sales tax rate is 5.5%. All of these factors make 68516 Lincoln, NE an attractive location for those who are looking for an affordable place to live.