Cost of Living in Holdrege, NE

With a cost of living index of 68, Holdrege, NE is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 4% below the Nebraska state average of 72. Holdrege is a smaller community of 5,503 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Holdrege's cost of living. The median monthly rent is $740 (44% below the US median of $1,319), and the median home value sits at $166,600 (45% 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 Holdrege is $55,263, which is 26% lower than the national median of $75,149. Residents spend roughly 16% 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 Holdrege. 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.