Fremont cost of living index

Displayed above is a general overview of the Fremont, NE cost of living index. The overall cost of living index in Fremont, NE is 85, which is 4% lower than the Nebraska average and 15% 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 Fremont, NE are 1% lower than the Nebraska average and 6% lower than the national average.

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Salary Calculator

Use the salary calculator to compare your current income in Fremont, NE to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Fremont, NE, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fremont, NE salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

The affordability of the housing market in Fremont, 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 Fremont, NE homeowners, the median income is $60,022. This indicates that a monthly maximum of $1,400 should be spent by homeowners on all housing related costs. Renters have a median income of $34,173. This indicates that renters should have a maximum of $797 used for their rent related monthly costs.

Nebraska Sales Tax

Nebraska Income Tax

When assessing the complete cost of living in Fremont, 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

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Fremont, NE cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.