Cost of Living in Venango, NE

With a cost of living index of 77, Venango, NE is a very affordable place to live. Living here is 23% cheaper than the national average and 4% above the Nebraska state average of 72. Venango is a small community of 166 residents.

Housing costs are the biggest factor in Venango's cost of living. The median monthly rent is $1,321 (0% below the US median of $1,319), and the median home value sits at $56,400 (82% below the national median of $304,900). At current prices, the median home costs roughly 0.8x the median household income — well within traditional affordability guidelines.

The median household income in Venango is $70,313, which is 6% lower than the national median of $75,149. Residents spend roughly 23% 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 Venango. The area sees an average annual temperature of 51.3°F, with summers averaging 74°F and winters around 30°F. Annual rainfall totals 17.5 inches spread over roughly 81 days.

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.