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.
Here we can see a simple outline of the cost of living in Crete, NE. As you can see, with the average cost of living in Crete, NE being 87, that puts it 2% lower than the average of Nebraska and 13% 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 Crete, NE, the price of goods and services are 8% higher than the average of Nebraska as well as 3% higher than the nation's average.
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Did you know?
The cost of living in Crete is 2% lower than the Nebraska average.
The cost of living in Crete is 13% lower than the national average.
The cost of housing in Crete is 37% 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.
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator allows you to compare how much your current salary in Crete, 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 Crete, NE, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Crete, 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
Max Budget (28% DTI)
Max Budget (36% DTI)
The affordability of the housing market in Crete, 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 Crete, NE homeowners, the median income is $60,887. This indicates that a monthly maximum of $1,421 should be spent by homeowners on all housing related costs. Renters have a median income of $25,356. This indicates that renters should have a maximum of $592 used for their rent related monthly costs.
Nebraska Sales Tax
General Sales Tax
With Max Surtax
Nebraska Income Tax
Income Tax (Low)
Income Tax (High)
One thing to keep in mind when considering the cost of living in Crete, NE is the Nebraska sales tax and Nebraska income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Nebraska sales tax rate is 5.5% and the maximum surtax that can be charged is 7.5%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Nebraska income tax rates range from 2.46% to 6.84%.
Goods & Services
Avg. Mortgage Payment
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.