Kearney 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.
IndexKearneyNebraskaNational
Cost of living index9190100
IndexKearneyNebraskaNational
Goods & Services index9195100
Groceries index104100100
Health care index99101100
Housing index8175100
Transportation index10098100
Utilities index9591100
A general summary of the cost of living index in Kearney, NE is shown above. Compared to the state average of Nebraska the cost of living index in Kearney, NE is 91, which is 1% higher than the average in Nebraska and compared to the national average it is 9% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Kearney, NE goods and services come in at 4% lower than the average in Nebraska and are 9% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Kearney is 1% higher than the Nebraska average.
  • The cost of living in Kearney is 9% lower than the national average.
  • The cost of housing in Kearney is 19% 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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The salary calculator allows you to compare how much your current salary in Kearney, NE would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Kearney, NE, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Kearney, NE salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$74,733$6,228$1,744$2,242
Renters$30,308$2,526$707$909
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Kearney, NE, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Kearney, NE has a median income of about $74,733 for people who own homes. Based on that number, a person should spend a maximum of $1,744 on expenses related to housing. Renters have a slightly different median income, which is $30,308. Based on this average, renters should spend no more than $707 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Kearney, 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

ItemKearneyNational 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

ItemKearneyNational 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

ItemKearneyNational 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

ItemKearneyNational avg.Difference
Home Price $143,900.00$175,700.0018.1%
Avg. Mortgage Payment $1,112.59$1,081.032.9%
Apartment Rent $713.00$920.0022.5%

Transportation

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

Utilities

ItemKearneyNational 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.
Odessa, NE4881-19%
Amherst, NE24083-17%
Minden, NE3,10385-15%
Gibbon, NE1,74786-14%
Riverdale, NE15988-12%
Kearney, NE31,75991-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Valparaiso, IN31,7451022%
Adelanto, CA31,77398-2%
Owasso, OK31,73892-8%
Naugatuck, CT31,79011818%
Oswego, IL31,72311212%
Kearney, NE31,75991-9%
Source: The Kearney, NE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.