Cost of Living in Hastings, NE

Population 25,005 · Nebraska · Data vintage 2023

61
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Hastings cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $177,000, rents near $858 a month. An unemployment rate of 2.7% points to a labor market well on the tight side of the national distribution.

Hastings lies roughly 90 miles west of the nearest major metro, Lincoln — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 29% lower than Lincoln's $248,000.

Cost Overview

Housing 58
Rent 65

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Hastings

The median home value in Hastings is $177,200 — 42% below the national median of $305,000. Median rent runs $858/month, 35% lower than the national median of $1,314/month. The median household income of $61,202/year is 18% lower than the US median of $74,580. The local unemployment rate is 2.7%, below the national average of 4.8%. Nebraska's top state income tax rate is 5.8% and the combined sales tax is 6.9%. Overall, Hastings has a cost of living index of 61 versus the US average of 100, meaning it is 39% less expensive.

🏠 Housing

Median Home Value
$177,200
42% below avg
Zillow Home Value
$198,927
Zillow ZHVI
Median Rent
$858/mo
35% below avg
Price-to-Rent Ratio
17.2x
Favors buying
Property Tax Rate
1.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$622
1 BR
$703
2 BR
$907
3 BR
$1,155
4 BR
$1,220
Owner-occupied 63.7%
Renter-occupied 36.3%

💰 Estimated Monthly Budget

Rent median rent
$858
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,472/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
16.3 min
40% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.4%

Commute Mode

Drove alone
83.5%
Carpooled
8.5%
Public transit
0.1%
Walked
3.4%
Bicycle
0.1%
Work from home
3.4%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 6.9%
State rate 5.5%
Avg local rate 1.4%
Property Tax 1.7%

💼 Income & Employment

Median Household Income
$61,202
18% below avg
Per Capita Income
$34,567
Unemployment Rate
2.7%
44% below avg
Poverty Rate
14.8%
Labor Force Participation
66.1%

🎓 Education

Bachelor's degree+ 16.9%
Graduate degree 11.0%

👥 Demographics

Median Age 37.3
Male median age 37
Female median age 37.6

🏫 Schools

NCES CCD 2019 — public school district data

89.1%
4-Year Graduation Rate
14:1
Student-teacher ratio
10
Public schools
4,608
Total enrollment

Frequently Asked Questions

What is the cost of living in Hastings, NE?

Hastings has a cost index of 61 (100 = national average). It is 39% below the national average.

What is average rent in Hastings, NE?

The median gross rent in Hastings is $858 per month based on 2023 Census data.

What is the average home price in Hastings?

The median home value in Hastings is $177,200 according to Zillow and Census data.

What is the median income in Hastings?

The median household income in Hastings is $61,202 per year (2023 ACS 5-year estimates).

What is the sales tax in Hastings, NE?

The combined state and local sales tax rate in Hastings is 6.9%. The Nebraska state income tax top rate is 5.8%.

Is Hastings, NE affordable?

Yes, Hastings is generally considered affordable, with a cost of living index of 61 — about 39% below the US national average of 100.

Hastings at a Glance

Population
25,005
Median Income
$61,202
Home Value
$177,200
Median Rent
$858/mo
Unemployment
2.7%
Sales Tax
6.9%
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🗺️ County data for Nebraska

Explore county-level cost of living data

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