Cost Of Living in Spencer, 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	Spencer	Nebraska	National
Cost of living	79	89	100
Goods & Services	91	96	100
Groceries	97	96	100
Health care	103	98	100
Housing	50	76	100
Transportation	91	100	100
Utilities	84	86	100

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Cost Of Living Quick Facts

The cost of living in Spencer is 11% lower than the Nebraska average
The cost of living in Spencer is 21% lower than the national average
Spencer housing is 50% 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	$40,972	$3,414	$956	$1,229
Renters	$21,731	$1,811	$507	$652

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	Spencer	National avg.	Difference
Haircut	$24.32	$24.26	0.2%
Beauty Salon	$35.22	$45.56	22.7%
Toothpaste	$3.80	$3.70	2.7%
Shampoo	$1.29	$1.28	0.7%
Movie	$9.36	$12.13	22.9%
Bowling	$16.40	$18.00	8.9%

Groceries

Item	Spencer	National avg.	Difference
Ground Beef	$5.89	$5.84	0.8%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.75	$4.67	1.7%
Potatoes	$4.63	$4.93	6.2%
Pizza	$10.64	$12.09	12.0%
Beer	$9.33	$10.41	10.4%

Health Care

Item	Spencer	National avg.	Difference
Optometrist	$135.10	$125.68	7.5%
Doctor	$177.33	$135.78	30.6%
Dentist	$108.21	$113.29	4.5%
Ibuprofen	$10.48	$10.65	1.7%
Lipitor	$357.08	$468.60	23.8%

Housing

Item	Spencer	National avg.	Difference
Home Price	$77,600.00	$184,700.00	58.0%
Avg. Mortgage Payment	$2,133.89	$2,346.69	9.1%
Apartment Rent	$652.00	$949.00	31.3%

Transportation

Item	Spencer	National avg.	Difference
Gasoline	$3.28	$3.46	5.3%
Tire Balancing	$49.42	$59.92	17.5%

Utilities

Item	Spencer	National avg.	Difference
All Electricity	$141.67	$193.99	27.0%
Phone	$194.04	$192.25	0.9%

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.
Gross, NE	12	92	8.3%
Anoka, NE	35	92	8.3%
Fairfax, SD	138	72	28.2%
Lynch, NE	204	74	26.4%
Butte, NE	348	74	25.8%
Spencer, NE	345	79	20.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Iliff, CO	345	87	12.8%
Odum, GA	345	84	16.0%
West Okoboji, IA	345	134	33.8%
Buffalo, IL	345	85	15.5%
Loda, IL	345	83	16.6%
Spencer, NE	345	79	20.8%

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 Spencer, NE