Cost Of Living in Falls City, NE

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18%

Overall NAT. AVG.

5%

Groceries NAT. AVG.

51%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Falls City	Nebraska	National
Cost of living	82	91	100
Groceries	95	97	100
Health care	97	98	100
Housing	49	76	100
Transportation	95	99	100
Utilities	97	96	100
Lifestyle & Entertainment	99	97	100
Household Items	97	98	100
Education & Childcare	93	96	100

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Homes For Sale In Falls City, NE

1307 Chase St

Falls City, NE

404 E 20th St

Falls City, NE

Cost Of Living Quick Facts

The cost of living in Falls City is 10% lower than the Nebraska average
The cost of living in Falls City is 18% lower than the national average
Falls City housing is 51% lower than the national average
Nebraska general sales tax is 8% higher than the national average
Nebraska state income tax is 5% lower than the national average

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Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$69,111	$5,759	$1,612	$2,074
Renters	$41,039	$3,420	$958	$1,231

A good indicator of the general affordability of housing in Falls City, NE, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Falls City, the median monthly income is $69,111 for those who own their own homes. Under the standard rule, that income level would allow for $1,612 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $41,039, per the median income in the area. That would allow for renters to spend up to $958 on monthly rental expenses.

Nebraska Sales Tax

State	General Sales Tax	With Max Surtax
Nebraska	5.5%	7.5%

Nebraska Income Tax

State	Income Tax (Low)	Income Tax (High)
Nebraska	2.46%	6.64%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Corning, MO	5	96	4.1%
Hamlin, KS	89	96	4.1%
Preston, NE	32	96	4.1%
Fortescue, MO	37	69	31.2%
Verdon, NE	238	73	27.3%
Falls City, NE	4,250	82	18.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Breese, IL	4,250	94	5.8%
Broad Brook, CT	4,249	116	15.9%
Columbus, MN	4,249	111	11.3%
Van Alstyne, TX	4,248	98	2.3%
Niwot, CO	4,247	161	60.6%
Falls City, NE	4,250	82	18.1%