Cost of Living in Lincoln, NE
Lincoln has a cost of living index of 89 (100 = national average), making it more affordable than the national average. The median household income is $59,039 and the median home price is $255,000.
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Lincoln at a Glance
Population
291,082
Cost of Living Index
89
Median Income
$59,039
Median Home Price
$255,000
Property Tax Rate
1.76%
Sales Tax Rate
7.25%
Rent Index
80
State
Nebraska
Living in Lincoln
Lincoln offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $255,000 is well within reach for many families.
The combined sales tax rate in Lincoln is 7.25%, and the effective property tax rate is 1.76%. Property taxes are above the national average, which is an important consideration for homebuyers.