Cost of Living in Creston, NE

With a cost of living index of 82, Creston, NE is a very affordable place to live. Living here is 18% cheaper than the national average and 10% above the Nebraska state average of 72. Creston is a small community of 149 residents.

The median household income in Creston is $49,722, which is 34% lower than the national median of $75,149. Residents spend roughly 20% 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 Creston. The area sees an average annual temperature of 49.2°F, with summers averaging 73°F and winters around 25°F. Annual rainfall totals 27 inches spread over roughly 98 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.