Falls City 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.
IndexFalls CityNebraskaNational
Cost of living index8190100
IndexFalls CityNebraskaNational
Goods & Services index10495100
Groceries index98100100
Health care index92101100
Housing index4275100
Transportation index8798100
Utilities index9291100
Displayed above is a general overview of the Falls City, NE cost of living index. The overall cost of living index in Falls City, NE is 81, which is 10% lower than the Nebraska average and 19% 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 Falls City, NE are 9% higher than the Nebraska average and 4% higher than the national average.

Did you know?

  • The cost of living in Falls City is 10% lower than the Nebraska average.
  • The cost of living in Falls City is 19% lower than the national average.
  • The cost of housing in Falls City is 58% 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 Falls City, 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 Falls City, NE, then you would need to earn more income in order to maintain the same standard of living. To use the Falls City, 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$40,463$3,372$944$1,214
Renters$31,944$2,662$745$958
If you want to find a good determining factor for the cost of living and the general affordability of housing in Falls City, NE, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Falls City, NE, the median monthly income is $40,463 for those who own their own homes. Under the standard rule, that income level would allow for $944 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $31,944, per the median income in the area. That would allow for renters to spend up to $745 on monthly rental expenses.

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%
When considering the overall cost of living expenses in Falls City, NE, it's important to take into account the sales tax for Nebraska, as well as the rate for income tax in Nebraska. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Nebraska is 7.5%, and the sales tax in the state of Nebraska is 5.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Nebraska starts from 2.46% and goes up to 6.84%.

Goods & Services

ItemFalls CityNational avg.Difference
Haircut $15.40$14.595.5%
Beauty Salon $27.20$34.6821.6%
Toothpaste $2.15$2.4713.1%
Shampoo $0.91$1.0211.0%
Movie $10.00$9.871.3%
Bowling $4.95$4.3912.7%

Groceries

ItemFalls CityNational avg.Difference
Ground Beef $4.85$4.488.3%
Fried Chicken $1.79$1.4622.3%
Milk $1.71$2.3627.4%
Potatoes $2.57$3.0616.1%
Pizza $9.34$9.241.1%
Beer $8.39$8.632.8%

Health Care

ItemFalls CityNational avg.Difference
Optometrist $129.00$99.7829.3%
Doctor $81.50$105.0322.4%
Dentist $79.40$88.7010.5%
Ibuprofen $8.71$9.417.5%
Lipitor $299.67$298.500.4%

Housing

ItemFalls CityNational avg.Difference
Home Price $66,100.00$175,700.0062.4%
Avg. Mortgage Payment $822.01$1,081.0324.0%
Apartment Rent $479.00$920.0047.9%

Transportation

ItemFalls CityNational avg.Difference
Gasoline $1.79$2.0914.5%
Tire Balancing $40.94$45.299.6%

Utilities

ItemFalls CityNational avg.Difference
All Electricity$156.56$170.808.3%
Phone $26.01$28.267.9%
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.
Fortescue, MO898-2%
Corning, MO498-2%
Barada, NE974-26%
Rulo, NE18374-26%
Salem, NE10276-24%
Falls City, NE4,27081-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Social Circle, GA4,27095-5%
Brookdale, SC4,27187-13%
Comanche, TX4,26979-21%
Santa Teresa, NM4,27192-8%
Cockrell Hill, TX4,26793-7%
Falls City, NE4,27081-19%
Source: The Falls City, NE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.