Cost of Living in Marquette, NE

With a cost of living index of 72, Marquette, 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. Marquette is a small community of 257 residents.

Housing costs are the biggest factor in Marquette's cost of living. The median monthly rent is $1,021 (23% below the US median of $1,319), and the median home value sits at $107,700 (65% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Marquette is $62,083, which is 17% 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 Marquette. The area sees an average annual temperature of 51.8°F, with summers averaging 75°F and winters around 28°F. Annual rainfall totals 26.6 inches spread over roughly 90 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.