Cost of Living in Octavia, NE
Population: 166 | Nebraska
Octavia is 19% less expensive than the national average.
Cost of Living in Octavia, NE: What You Need to Know
With a cost of living index of 81, Octavia, NE is a very affordable place to live. Living here is 19% cheaper than the national average and 9% above the Nebraska state average of 72. Octavia is a small community of 166 residents.
The median household income in Octavia is $65,417, which is 13% lower than the national median of $75,149. 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 Octavia. The area sees an average annual temperature of 52.3°F, with summers averaging 76°F and winters around 28°F. Annual rainfall totals 29.3 inches spread over roughly 95 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.
Income
- Median Household Income
- $65,417
- vs US Median ($75,149)
- -13%
Housing
- Median Home Value
- $112,500
- Median Monthly Housing Cost
- $641/mo
Climate in Octavia
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 36 | 41 | 54 | 65 | 75 | 85 | 89 | 87 | 80 | 67 | 52 | 39 |
| Avg °F | 25 | 30 | 41 | 52 | 63 | 74 | 78 | 76 | 67 | 54 | 40 | 29 |
| Low °F | 14 | 18 | 29 | 39 | 51 | 62 | 67 | 64 | 54 | 41 | 28 | 18 |
| Rain" | 0.7 | 0.9 | 1.6 | 2.7 | 4.9 | 4.5 | 3.3 | 3.3 | 2.9 | 2.1 | 1.3 | 1.2 |