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McGrew, NE vs Panama, NE

77
McGrew
Nebraska
VS
-10.1%
86
Panama
Nebraska

McGrew is moderately more affordable than Panama, with a 10.1% lower cost of living index. McGrew scores 77 compared to 86 for Panama, where the US average is 100. This difference means residents of Panama can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in McGrew are $68,600 compared to $196,000 in Panama, a 65% gap.

Median household income in McGrew is $35,750 compared to $89,583 in Panama (-60.1%). While Panama is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, both cities share similar average temperatures (49.9°F vs 51.2°F). Panama receives more rainfall at 32.3" per year compared to 15.7" in McGrew.

Income & Cost

Cost of Living Index
McGrew
77
10% cheaper
Panama
86
Median Household Income
McGrew
$35,750
Panama
$89,583
60% higher

Housing

Median Rent
McGrew
Panama
$1,250
Median Home Value
McGrew
$68,600
65% cheaper
Panama
$196,000
Population
McGrew
77
Panama
223

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
McGrew
Panama $2.96
US $3.07
🥚
Eggs (grade A, large)
McGrew
Panama $2.41
US $2.50
🥛
Milk (whole)
McGrew
Panama $3.89
US $4.03
🍞
Bread (white)
McGrew
Panama $1.79
US $1.85
🍗
Chicken breast
McGrew
Panama $4.00
US $4.14
Electricity
McGrew
Panama $0.15
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
McGrew 49.9°F
Panama 51.2°F
Summer High
McGrew 91°F
Panama 87°F
Winter Low
McGrew 15°F
Panama 14°F
Rainfall
McGrew 15.7"
Panama 32.3"
Rainy Days
McGrew 89d
Panama 111d