Ogallala 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.
IndexOgallalaNebraskaNational
Cost of living index8490100
IndexOgallalaNebraskaNational
Goods & Services index9195100
Groceries index104100100
Health care index99101100
Housing index5575100
Transportation index10098100
Utilities index9591100
Displayed above is a general overview of the Ogallala, NE cost of living index. The overall cost of living index in Ogallala, NE is 84, which is 7% lower than the Nebraska average and 16% 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 Ogallala, NE are 4% lower than the Nebraska average and 9% lower than the national average.

Did you know?

  • The cost of living in Ogallala is 7% lower than the Nebraska average.
  • The cost of living in Ogallala is 16% lower than the national average.
  • The cost of housing in Ogallala is 45% 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 Ogallala, NE Cost of living To Other Cities

Salary Calculator

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The salary calculator allows you to compare how much your current salary in Ogallala, 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 Ogallala, NE, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Ogallala, 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$56,140$4,678$1,310$1,684
Renters$24,959$2,080$582$749
The affordability of the housing market in Ogallala, NE as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Ogallala, NE homeowners, the median income is $56,140. This indicates that a monthly maximum of $1,310 should be spent by homeowners on all housing related costs. Renters have a median income of $24,959. This indicates that renters should have a maximum of $582 used for their rent related monthly 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%
When assessing the complete cost of living in Ogallala, NE, the Nebraska income tax and the Nebraska sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Nebraska maximum surtax is 7.5%, and the Nebraska sales tax is 5.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2.46% to 6.84% in Nebraska.

Goods & Services

ItemOgallalaNational 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

ItemOgallalaNational 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

ItemOgallalaNational 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

ItemOgallalaNational avg.Difference
Home Price $91,500.00$175,700.0047.9%
Avg. Mortgage Payment $1,112.59$1,081.032.9%
Apartment Rent $574.00$920.0037.6%

Transportation

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

Utilities

ItemOgallalaNational 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.
Roscoe, NE1596-4%
Lemoyne, NE3796-4%
Brule, NE41881-19%
Keystone, NE10984-16%
Martin, NE14485-15%
Ogallala, NE4,64484-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ashland City, TN4,64392-8%
Blackwood, NJ4,64511313%
East Greenbush, NY4,64111616%
Crestwood, KY4,6401033%
Sunbury, OH4,63995-5%
Ogallala, NE4,64484-16%
Source: The Ogallala, NE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.