Cost Of Living in Cozad, 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	Cozad	Nebraska	National
Cost of living	80	89	100
Goods & Services	90	96	100
Groceries	93	96	100
Health care	97	98	100
Housing	55	76	100
Transportation	96	100	100
Utilities	80	86	100

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Cost Of Living Quick Facts

The cost of living in Cozad is 11% lower than the Nebraska average
The cost of living in Cozad is 20% lower than the national average
Cozad housing is 45% 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	$61,500	$5,125	$1,435	$1,845
Renters	$28,359	$2,363	$662	$851

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Cozad, NE, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Cozad homeowners, is $61,500. This would allow for a maximum of $1,435 per month to be spent on housing costs. For renters, the median monthly income is $28,359 which would result in a maximum of $662 to be spent on rental 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	Cozad	National avg.	Difference
Haircut	$17.50	$24.26	27.9%
Beauty Salon	$28.75	$45.56	36.9%
Toothpaste	$3.67	$3.70	1.0%
Shampoo	$0.98	$1.28	23.5%
Movie	$9.10	$12.13	25.0%
Bowling	$11.33	$18.00	37.0%

Groceries

Item	Cozad	National avg.	Difference
Ground Beef	$6.66	$5.84	14.0%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.49	$4.67	4.0%
Potatoes	$4.49	$4.93	9.1%
Pizza	$11.34	$12.09	6.2%
Beer	$9.34	$10.41	10.3%

Health Care

Item	Cozad	National avg.	Difference
Optometrist	$128.50	$125.68	2.2%
Doctor	$139.89	$135.78	3.0%
Dentist	$97.50	$113.29	13.9%
Ibuprofen	$10.22	$10.65	4.0%
Lipitor	$518.77	$468.60	10.7%

Housing

Item	Cozad	National avg.	Difference
Home Price	$89,100.00	$184,700.00	51.8%
Avg. Mortgage Payment	$1,926.53	$2,346.69	17.9%
Apartment Rent	$682.00	$949.00	28.1%

Transportation

Item	Cozad	National avg.	Difference
Gasoline	$3.36	$3.46	2.9%
Tire Balancing	$55.44	$59.92	7.5%

Utilities

Item	Cozad	National avg.	Difference
All Electricity	$126.33	$193.99	34.9%
Phone	$199.27	$192.25	3.7%

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.
Willow Island, NE	8	90	9.6%
Farnam, NE	173	72	27.5%
Eustis, NE	502	82	18.3%
Gothenburg, NE	3,469	82	17.5%
Lexington, NE	10,069	84	15.8%
Cozad, NE	3,776	80	20.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Bayshore, NC	3,776	112	12.1%
Mountain View, NC	3,776	94	6.1%
Channel-Port aux Basques, NL	3,776	n/a
Hardin, MT	3,777	95	4.6%
Alturas, FL	3,778	87	12.6%
Cozad, NE	3,776	80	20.1%

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 Cozad, NE