Cost of Living in Axtell, NE

With a cost of living index of 81, Axtell, NE is a very affordable place to live. Living here is 19% cheaper than the national average and 9% above the Nebraska state average of 72. Axtell is a small community of 744 residents.

Housing costs are the biggest factor in Axtell's cost of living. The median monthly rent is $1,108 (16% below the US median of $1,319), and the median home value sits at $192,400 (37% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Axtell is $64,196, which is 15% lower than the national median of $75,149. Residents spend roughly 21% 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 Axtell. The area sees an average annual temperature of 51.9°F, with summers averaging 75°F and winters around 29°F. Annual rainfall totals 26.4 inches spread over roughly 91 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.