Farwell 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.
IndexFarwellNebraskaNational
Cost of living index7990100
IndexFarwellNebraskaNational
Goods & Services index9195100
Groceries index104100100
Health care index99101100
Housing index3975100
Transportation index10098100
Utilities index9591100

Did you know?

  • The cost of living in Farwell is 12% lower than the Nebraska average.
  • The cost of living in Farwell is 21% lower than the national average.
  • The cost of housing in Farwell is 61% 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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Compare Farwell, NE Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$27,361$2,280$638$821
Renters$16,250$1,354$379$488

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%

Goods & Services

ItemFarwellNational 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

ItemFarwellNational 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

ItemFarwellNational 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

ItemFarwellNational avg.Difference
Home Price $39,600.00$175,700.0077.5%
Avg. Mortgage Payment $1,112.59$1,081.032.9%
Apartment Rent $713.00$920.0022.5%

Transportation

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

Utilities

ItemFarwellNational 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.
Cushing, NE6272-28%
Rockville, NE10773-27%
Wolbach, NE28976-24%
Cotesfield, NE4876-24%
Ashton, NE18676-24%
Farwell, NE12179-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
McFall, MO12176-24%
Melrose, IA12179-21%
Teton Village, WY12191-9%
Cantrall, IL12190-10%
Fishing Creek, MD1211011%
Farwell, NE12179-21%
Source: The Farwell, NE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.