Cost Of Living in Ogallala, 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	Ogallala	Nebraska	National
Cost of living	88	89	100
Goods & Services	101	96	100
Groceries	103	96	100
Health care	103	98	100
Housing	62	76	100
Transportation	97	100	100
Utilities	87	86	100

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Cost Of Living Quick Facts

The cost of living in Ogallala is 2% lower than the Nebraska average
The cost of living in Ogallala is 12% lower than the national average
Ogallala housing is 38% 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	$52,367	$4,364	$1,222	$1,571
Renters	$26,906	$2,242	$628	$807

The affordability of the housing market in Ogallala, 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 Ogallala homeowners, the median income is $52,367. This indicates that a monthly maximum of $1,222 should be spent by homeowners on all housing related costs. Renters have a median income of $26,906. This indicates that renters would have a maximum of $628 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	Ogallala	National avg.	Difference
Haircut	$28.69	$24.26	18.3%
Beauty Salon	$33.98	$45.56	25.4%
Toothpaste	$3.63	$3.70	1.9%
Shampoo	$1.23	$1.28	3.7%
Movie	$10.98	$12.13	9.5%
Bowling	$15.17	$18.00	15.7%

Groceries

Item	Ogallala	National avg.	Difference
Ground Beef	$5.98	$5.84	2.4%
Fried Chicken	$1.41	$1.57	10.6%
Milk	$4.67	$4.67	0.1%
Potatoes	$4.44	$4.93	10.0%
Pizza	$12.23	$12.09	1.2%
Beer	$10.49	$10.41	0.7%

Health Care

Item	Ogallala	National avg.	Difference
Optometrist	$191.47	$125.68	52.3%
Doctor	$140.63	$135.78	3.6%
Dentist	$107.16	$113.29	5.4%
Ibuprofen	$10.59	$10.65	0.6%
Lipitor	$485.12	$468.60	3.5%

Housing

Item	Ogallala	National avg.	Difference
Home Price	$108,100.00	$184,700.00	41.5%
Avg. Mortgage Payment	$2,154.34	$2,346.69	8.2%
Apartment Rent	$670.00	$949.00	29.4%

Transportation

Item	Ogallala	National avg.	Difference
Gasoline	$3.32	$3.46	4.0%
Tire Balancing	$59.30	$59.92	1.0%

Utilities

Item	Ogallala	National avg.	Difference
All Electricity	$154.32	$193.99	20.5%
Phone	$187.74	$192.25	2.3%

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.
Roscoe, NE	99	99	1.3%
Brule, NE	307	83	17.4%
Keystone, NE	31	90	10.3%
Lemoyne, NE	104	92	8.1%
Martin, NE	77	95	4.9%
Ogallala, NE	4,509	88	12.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Wauna, WA	4,509	132	32.1%
Cornelia, GA	4,510	91	9.1%
West Peoria, IL	4,510	85	15.3%
East Petersburg, PA	4,507	106	6.3%
Edwardsville, KS	4,506	89	10.7%
Ogallala, NE	4,509	88	12.2%

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 Ogallala, NE