Cozad cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexCozadNebraskaNational
Cost of living index8290100
IndexCozadNebraskaNational
Goods & Services index9195100
Groceries index104100100
Health care index99101100
Housing index5175100
Transportation index10098100
Utilities index9591100
Displayed above is a general overview of the Cozad, NE cost of living index. The overall cost of living index in Cozad, NE is 82, which is 8% lower than the Nebraska average and 18% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Cozad, NE are 4% lower than the Nebraska average and 9% lower than the national average.

Did you know?

  • The cost of living in Cozad is 8% lower than the Nebraska average.
  • The cost of living in Cozad is 18% lower than the national average.
  • The cost of housing in Cozad is 49% lower than the national average.
  • Nebraska general sales tax is 8% higher than the national average.
  • Nebraska state income tax is 11% higher than the national average.

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Salary Calculator

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Use the salary calculator to compare your current salary in Cozad, NE to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Cozad, NE, then you would need to earn more income in order to maintain the same standard of living. To use the Cozad, NE salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,438$4,037$1,130$1,453
Renters$29,936$2,495$698$898
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Cozad, NE as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Cozad, NE homeowners, is $48,438. This would allow for a maximum of $1,130 per month to be spent on housing costs. For renters, the median monthly income is $29,936 which would result in a maximum of $698 to be spent on rental costs.

Nebraska Sales Tax

StateGeneral Sales TaxWith Max Surtax
Nebraska5.5%7.5%

Nebraska Income Tax

StateIncome Tax (Low)Income Tax (High)
Nebraska2.46%6.84%
For those who live in Cozad, NE and want to know what the true cost of living is, they ought to look at both the Nebraska income tax rate and the Nebraska sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Nebraska, the sales tax is 5.5%, while the most you'll pay in surtax is 7.5%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Nebraska, the income tax rate ranges between 2.46% to 6.84%.

Goods & Services

ItemCozadNational avg.Difference
Haircut $10.67$14.5926.9%
Beauty Salon $17.67$34.6849.0%
Toothpaste $2.62$2.475.9%
Shampoo $1.03$1.020.8%
Movie $8.50$9.8713.9%
Bowling $2.99$4.3931.9%

Groceries

ItemCozadNational avg.Difference
Ground Beef $4.55$4.481.6%
Fried Chicken $1.99$1.4635.9%
Milk $2.34$2.360.7%
Potatoes $2.92$3.064.6%
Pizza $8.99$9.242.7%
Beer $7.85$8.639.1%

Health Care

ItemCozadNational avg.Difference
Optometrist $90.33$99.789.5%
Doctor $102.00$105.032.9%
Dentist $85.00$88.704.2%
Ibuprofen $9.72$9.413.3%
Lipitor $317.32$298.506.3%

Housing

ItemCozadNational avg.Difference
Home Price $81,000.00$175,700.0053.9%
Avg. Mortgage Payment $1,112.59$1,081.032.9%
Apartment Rent $583.00$920.0036.6%

Transportation

ItemCozadNational avg.Difference
Gasoline $2.12$2.091.6%
Tire Balancing $43.32$45.294.3%

Utilities

ItemCozadNational avg.Difference
All Electricity$104.21$170.8039.0%
Phone $39.95$28.2641.4%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Willow Island, NE1196-4%
Farnam, NE23376-24%
Eustis, NE42082-18%
Lexington, NE10,18983-17%
Gothenburg, NE3,55584-16%
Cozad, NE3,94282-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Chester, NY3,94311414%
Dundee, MI3,94390-10%
Columbus, MN3,94011414%
Woodmore, MD3,94014343%
Hampden, ME3,94411010%
Cozad, NE3,94282-18%
Source: The Cozad, NE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.