McCook 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.
IndexMcCookNebraskaNational
Cost of living index8290100
IndexMcCookNebraskaNational
Goods & Services index9195100
Groceries index104100100
Health care index99101100
Housing index5175100
Transportation index10098100
Utilities index9591100
Here we can see a simple outline of the cost of living in McCook, NE. As you can see, with the average cost of living in McCook, NE being 82, that puts it 8% lower than the average of Nebraska and 18% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of McCook, NE, the price of goods and services are 4% lower than the average of Nebraska as well as 9% lower than the nation's average.

Did you know?

  • The cost of living in McCook is 8% lower than the Nebraska average.
  • The cost of living in McCook is 18% lower than the national average.
  • The cost of housing in McCook 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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Compare McCook, NE Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in McCook, NE to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in McCook, NE, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the McCook, NE salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,809$3,901$1,092$1,404
Renters$25,700$2,142$600$771
How much of your monthly income goes to housing can tell you whether or not you can afford housing in McCook, NE, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In McCook, NE homeowners have a median income of $46,809. Using that number, you will come up with a maximum of $1,092 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $25,700, which means there is a maximum of $600 to be spent on the costs of renting a home or apartment.

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 McCook, 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

ItemMcCookNational 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

ItemMcCookNational 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

ItemMcCookNational 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

ItemMcCookNational avg.Difference
Home Price $82,000.00$175,700.0053.3%
Avg. Mortgage Payment $1,112.59$1,081.032.9%
Apartment Rent $573.00$920.0037.7%

Transportation

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

Utilities

ItemMcCookNational 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.
Danbury, NE7970-30%
Indianola, NE66279-21%
Culbertson, NE67280-20%
McCook, NE7,67082-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Yreka, CA7,67511515%
Mascoutah, IL7,67596-4%
Boyes Hot Springs, CA7,66414343%
Butner, NC7,66191-9%
Baywood, NY7,68113232%
McCook, NE7,67082-18%
Source: The McCook, NE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.