Cost of Living in Allen, NE

With a cost of living index of 60, Allen, NE is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 12% below the Nebraska state average of 72. Allen is a small community of 447 residents.

Housing costs are the biggest factor in Allen's cost of living. The median monthly rent is $638 (52% below the US median of $1,319), and the median home value sits at $111,600 (63% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Allen is $53,125, which is 29% lower than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Allen. The area sees an average annual temperature of 48.4°F, with summers averaging 72°F and winters around 23°F. Annual rainfall totals 29.3 inches spread over roughly 102 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.