Cost Of Living in Chadron, NE

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Chadron	Nebraska	National
Cost of living	89	89	100
Goods & Services	98	96	100
Groceries	100	96	100
Health care	99	98	100
Housing	70	76	100
Transportation	103	100	100
Utilities	89	86	100

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Cost Of Living Quick Facts

The cost of living in Chadron is equal to the Nebraska average
The cost of living in Chadron is 11% lower than the national average
Chadron housing is 30% 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
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$59,925	$4,994	$1,398	$1,798
Renters	$32,804	$2,734	$765	$984

The affordability of the housing market in Chadron, NE as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Chadron homeowners, the median income is $59,925. This indicates that a monthly maximum of $1,398 should be spent by homeowners on all housing related costs. Renters have a median income of $32,804. This indicates that renters would have a maximum of $765 for their rent related monthly costs.

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%

Goods & Services

Item	Chadron	National avg.	Difference
Haircut	$28.63	$24.26	18.0%
Beauty Salon	$42.85	$45.56	5.9%
Toothpaste	$3.46	$3.70	6.5%
Shampoo	$1.22	$1.28	4.3%
Movie	$11.69	$12.13	3.6%
Bowling	$19.55	$18.00	8.6%

Groceries

Item	Chadron	National avg.	Difference
Ground Beef	$6.37	$5.84	9.1%
Fried Chicken	$1.32	$1.57	15.8%
Milk	$4.71	$4.67	0.9%
Potatoes	$4.42	$4.93	10.4%
Pizza	$11.60	$12.09	4.0%
Beer	$9.34	$10.41	10.3%

Health Care

Item	Chadron	National avg.	Difference
Optometrist	$135.93	$125.68	8.2%
Doctor	$154.12	$135.78	13.5%
Dentist	$109.45	$113.29	3.4%
Ibuprofen	$10.18	$10.65	4.5%
Lipitor	$377.36	$468.60	19.5%

Housing

Item	Chadron	National avg.	Difference
Home Price	$123,700.00	$184,700.00	33.0%
Avg. Mortgage Payment	$1,834.99	$2,346.69	21.8%
Apartment Rent	$732.00	$949.00	22.9%

Transportation

Item	Chadron	National avg.	Difference
Gasoline	$3.65	$3.46	5.5%
Tire Balancing	$58.31	$59.92	2.7%

Utilities

Item	Chadron	National avg.	Difference
All Electricity	$158.39	$193.99	18.4%
Phone	$194.38	$192.25	1.1%

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	Population	Cost of Living Index	National Avg.
Whitney, NE	95	74	26.0%
Chadron, NE	5,482	89	10.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Orchard Homes, MT	5,480	112	11.9%
Anamosa, IA	5,484	90	10.0%
Somerdale, NJ	5,479	101	1.4%
New Holland, PA	5,479	104	4.2%
Eureka, IL	5,485	88	12.3%
Chadron, NE	5,482	89	10.7%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Chadron, NE