Cost of Living in Thedford, NE

With a cost of living index of 59, Thedford, NE is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 13% below the Nebraska state average of 72. Thedford is a small community of 215 residents.

Housing costs are the biggest factor in Thedford's cost of living. The median monthly rent is $680 (48% below the US median of $1,319), and the median home value sits at $78,800 (74% 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 Thedford is $73,867, which is 2% lower than the national median of $75,149. Residents spend roughly 11% 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 Thedford. The area sees an average annual temperature of 48.1°F, with summers averaging 70°F and winters around 27°F. Annual rainfall totals 18.3 inches spread over roughly 94 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.