Cost of Living in Loomis, NE

With a cost of living index of 72, Loomis, NE is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and in line with the Nebraska state average. Loomis is a small community of 341 residents.

Housing costs are the biggest factor in Loomis's cost of living. The median monthly rent is $950 (28% below the US median of $1,319), and the median home value sits at $132,300 (57% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Loomis is $71,750, which is 5% 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.

Climate is another factor for anyone considering a move to Loomis. 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.