Cost of Living in Broadwater, NE

With a cost of living index of 67, Broadwater, NE is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 6% below the Nebraska state average of 72. Broadwater is a small community of 118 residents.

Housing costs are the biggest factor in Broadwater's cost of living. The median monthly rent is $1,036 (21% below the US median of $1,319), and the median home value sits at $39,600 (87% below the national median of $304,900). At current prices, the median home costs roughly 0.7x the median household income — well within traditional affordability guidelines.

The median household income in Broadwater is $56,607, which is 25% lower than the national median of $75,149. Residents spend roughly 22% 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 Broadwater. The area sees an average annual temperature of 46.2°F, with summers averaging 69°F and winters around 25°F. Annual rainfall totals 14.9 inches spread over roughly 79 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.