Cost of Living in Holdrege, NE

Population 5,503 · Nebraska · Data vintage 2023

55
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Holdrege a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $167,000. The labor market has been unusually tight, with unemployment around 1.7% — below most comparable cities in the state.

Geographically, Holdrege lies roughly 145 miles west of the nearest major metro, Lincoln. Median home values run roughly 33% lower than Lincoln's $248,000.

Cost Overview

Housing 55
Rent 56

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

About the Cost of Living in Holdrege

The median home value in Holdrege is $166,600 — 45% below the national median of $305,000. Median rent runs $740/month, 44% lower than the national median of $1,314/month. The median household income of $55,263/year is 26% lower than the US median of $74,580. The local unemployment rate is 1.7%, 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, Holdrege has a cost of living index of 55 versus the US average of 100, meaning it is 45% less expensive.

🏠 Housing

Median Home Value
$166,600
45% below avg
Zillow Home Value
$155,873
Zillow ZHVI
Median Rent
$740/mo
44% below avg
Price-to-Rent Ratio
18.8x
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 66.0%
Renter-occupied 34.0%

💰 Estimated Monthly Budget

Rent median rent
$740
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,354/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
14.6 min
46% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.9%

Commute Mode

Drove alone
83.7%
Carpooled
6.5%
Walked
3.8%
Work from home
4.9%

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
$55,263
26% below avg
Per Capita Income
$39,947
Unemployment Rate
1.7%
65% below avg
Poverty Rate
18.7%
Labor Force Participation
64.3%

🎓 Education

Bachelor's degree+ 17.1%
Graduate degree 8.1%

👥 Demographics

Median Age 40.8
Male median age 37.2
Female median age 45.3

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
13.3:1
Student-teacher ratio
4
Public schools
1,090
Total enrollment

Frequently Asked Questions

What is the cost of living in Holdrege, NE?

Holdrege has a cost index of 55 (100 = national average). It is 45% below the national average.

What is average rent in Holdrege, NE?

The median gross rent in Holdrege is $740 per month based on 2023 Census data.

What is the average home price in Holdrege?

The median home value in Holdrege is $166,600 according to Zillow and Census data.

What is the median income in Holdrege?

The median household income in Holdrege is $55,263 per year (2023 ACS 5-year estimates).

What is the sales tax in Holdrege, NE?

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

Is Holdrege, NE affordable?

Yes, Holdrege is generally considered affordable, with a cost of living index of 55 — about 45% below the US national average of 100.

Holdrege at a Glance

Population
5,503
Median Income
$55,263
Home Value
$166,600
Median Rent
$740/mo
Unemployment
1.7%
Sales Tax
6.9%
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🗺️ County data for Nebraska

Explore county-level cost of living data

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