Cost of Living in Minden, NE

Population 3,020 · Nebraska · Data vintage 2023

60
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Minden stay well under national norms: a median home value of $188,000 against median household incomes of $64,846 gives the city one of the more comfortable price-to-income ratios in Nebraska. The labor market has been unusually tight, with unemployment around 1.8% — below most comparable cities in the state.

Geographically, Minden lies roughly 120 miles west of the nearest major metro, Lincoln. Median home values run roughly 24% lower than Lincoln's $248,000.

Cost Overview

Housing 62
Rent 59

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

About the Cost of Living in Minden

The median home value in Minden is $188,100 — 38% below the national median of $305,000. Median rent runs $769/month, 41% lower than the national median of $1,314/month. The median household income of $64,846/year is 13% lower than the US median of $74,580. The local unemployment rate is 1.8%, 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, Minden has a cost of living index of 60 versus the US average of 100, meaning it is 40% less expensive.

🏠 Housing

Median Home Value
$188,100
38% below avg
Zillow Home Value
$135,008
Zillow ZHVI
Median Rent
$769/mo
41% below avg
Price-to-Rent Ratio
20.4x
Favors renting
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 78.1%
Renter-occupied 21.9%

💰 Estimated Monthly Budget

Rent median rent
$769
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,383/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
20.7 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.7%

Commute Mode

Drove alone
84.7%
Carpooled
8.4%
Public transit
0.5%
Walked
1.7%
Bicycle
0.5%
Work from home
3.7%

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
$64,846
13% below avg
Per Capita Income
$35,265
Unemployment Rate
1.8%
62% below avg
Poverty Rate
4.2%
Labor Force Participation
67.8%

🎓 Education

Bachelor's degree+ 20.4%
Graduate degree 4.2%

👥 Demographics

Median Age 38.8
Male median age 35.4
Female median age 40.1

🏫 Schools

NCES CCD 2019 — public school district data

95%
4-Year Graduation Rate
12.2:1
Student-teacher ratio
4
Public schools
819
Total enrollment

Frequently Asked Questions

What is the cost of living in Minden, NE?

Minden has a cost index of 60 (100 = national average). It is 40% below the national average.

What is average rent in Minden, NE?

The median gross rent in Minden is $769 per month based on 2023 Census data.

What is the average home price in Minden?

The median home value in Minden is $188,100 according to Zillow and Census data.

What is the median income in Minden?

The median household income in Minden is $64,846 per year (2023 ACS 5-year estimates).

What is the sales tax in Minden, NE?

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

Is Minden, NE affordable?

Yes, Minden is generally considered affordable, with a cost of living index of 60 — about 40% below the US national average of 100.

Minden at a Glance

Population
3,020
Median Income
$64,846
Home Value
$188,100
Median Rent
$769/mo
Unemployment
1.8%
Sales Tax
6.9%
View all cities in Nebraska →
🗺️ County data for Nebraska

Explore county-level cost of living data

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