Cost of Living in Otoe, NE
Population: 228 | Nebraska
Otoe is 26% less expensive than the national average.
Cost of Living in Otoe, NE: What You Need to Know
With a cost of living index of 74, Otoe, NE is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and in line with the Nebraska state average. Otoe is a small community of 228 residents.
Housing costs are the biggest factor in Otoe's cost of living. The median monthly rent is $1,297 (2% below the US median of $1,319), and the median home value sits at $39,200 (87% below the national median of $304,900). At current prices, the median home costs roughly 1.1x the median household income — well within traditional affordability guidelines.
The median household income in Otoe is $36,548, which is 51% lower than the national median of $75,149. Residents spend roughly 43% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. 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 Otoe. The area sees an average annual temperature of 51.2°F, with summers averaging 74°F and winters around 27°F. Annual rainfall totals 32.3 inches spread over roughly 111 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
- $36,548
- vs US Median ($75,149)
- -51%
Housing
- Median Rent
- $1,297/mo
- Median Home Value
- $39,200
- Median Monthly Housing Cost
- $729/mo
Climate in Otoe
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 34 | 40 | 53 | 64 | 74 | 83 | 87 | 85 | 79 | 66 | 51 | 39 |
| Avg °F | 24 | 29 | 41 | 51 | 62 | 72 | 76 | 74 | 66 | 53 | 39 | 28 |
| Low °F | 14 | 18 | 28 | 38 | 50 | 61 | 65 | 62 | 53 | 40 | 28 | 18 |
| Rain" | 0.9 | 1.2 | 1.9 | 3.0 | 4.8 | 4.8 | 3.9 | 3.3 | 3.4 | 2.3 | 1.5 | 1.4 |