Nebraska is known for its unique charms and history, including plentiful fossil beds that date back 12 million years. Beyond its tasty Reuben sandwiches and bountiful corn production, Nebraska is also a beautiful Midwest state to call home; many choose to live and retire where they can admire the scenic bluffs and grassy plains. If you’re looking to move to Nebraska, NewHomeSource has compiled a list of the 10 most affordable cities to inform your choice.
10 Most Affordable Cities
Home Price to Income Ratio: 1.75
Average Property Tax: $1,682
Median Household Income: $52,885
The most affordable city in Nebraska award goes to Lexington! The city has multiple highlights, including the Dawson County Historical Society, campgrounds, and fairgrounds. The Platte River meanders along the city’s southern border, where you can also find the Heartland Museum of Military Vehicles.
Home Price to Income Ratio: 2.46
Average Property Tax: $2,085
Median Household Income: $48,644
Hastings is the seat of Adams County. Brush up on your local history at the Hastings Museum or spend a sunny day basking at Lake Hastings Park. The city is known as the birthplace of Kool-Aid, and each year the city hosts a celebration in its honor.
3. North Platte
Home Price to Income Ratio: 2.19
Average Property Tax: $2,105
Median Household Income: $54,357
Located in west-central Nebraska, North Platte is sandwiched between the North and South Platte Rivers. The area is packed with things to do, including waterside parks and golf courses, making for a picturesque view as you enjoy the fresh air. Other city attractions include the North Platte Area Children’s Museum and Cody Park Railroad Museum.
4. South Sioux City
Home Price to Income Ratio: 2.12
Average Property Tax: $2,196
Median Household Income: $54,806
South Sioux City is located along the Missouri River at the Nebraska-Iowa border. Fans of the great outdoors will love spending time at Crystal Cove Park, which features a lake, biking and hiking trails, and a disc-golf course. Be sure to check out the South Sioux City Bengston Trail, a network of 22 connected trails. The northernmost trails offer an unobstructed view of the Missouri River.
5. Grand Island
Home Price to Income Ratio: 2.56
Average Property Tax: $698
Median Household Income: $54,965
With over 53,000 residents calling it home, Grand Island is one of the most populated cities in the state. From its water park to its convention center, there’s always something to see and do in Grand Island. The city has numerous lakes and parks within its borders, so you have your choice of location for a morning run. Museum fan? Check out the Stuhr Museum of the Prairie Pioneer and tour the 1890s-era living history museum.
Home Price to Income Ratio: 2.68
Average Property Tax: $2,150
Median Household Income: $49,474
Located in east Nebraska, Fremont is the seat of Dodge County. Fremont is home to Midland University and its points of interest include the Louis E. May Museum which has been remolded into a Classic Revival design architecture. You’ll also have your pick of sports stadiums and a water park. Omaha is only 40 miles southeast of Fremont, making day trips to Nebraska’s largest city a breeze.
Home Price to Income Ratio: 2.94
Average Property Tax: $2,312
Median Household Income: $46,321
Norfolk is located in Madison County, just north of the Elkhorn River. There’s plenty to do in this flourishing city! Learn about local history at the Elkhorn Valley Museum, or practice your golf swing at one of the country clubs. On warm days, have a picnic at Skyview Lake Park or go for a make a splash at AquaVenture Water Park.
Home Price to Income Ratio: 2.37
Average Property Tax: $1,791
Median Household Income: $44,991
Beatrice is a southeastern city of over 12,400 residents. One of the main attractions is Chautauqua Park, located along the Big Blue River. The park features hiking trails, campgrounds, and plenty of waterfront greenspace. If you fancy a trip to Lincoln, just hop on US 77 and drive 40 miles north – you’ll find yourself in the capital city in a flash.
Home Price to Income Ratio: 2.63
Average Property Tax: $1,959
Median Household Income: $44,354
Located in western Nebraska, Scottsbluff drips with charm. You’ll find abundant activities to enjoy, including the Midwest Theater. Here you can enjoy live music and theatrical performances in a restored 1946 entertainment hall. At the southern edge of the city, you can visit the expansive space of Riverside Park, which features a dog park, campgrounds, and a zoo. Just outside of town, you can view the striking rock formations of Scotts Bluff National Monument.
Home Price to Income Ratio: 3.14
Average Property Tax: $2,845
Median Household Income: $57,064
Situated just north of the Platte River, Kearney is the seat of Buffalo County and home to over 30,000 residents. Families can take their youngsters to Kearney Area Children’s Museum for hours of fun, or swing by the Buffalo County Fairgrounds for local events. For more museum excitement, check out the 200 vintage automobiles at the Classic Car Collection, or drop by the Trails & Rails Museum.
Cities with the Best Home Price to Income Ratio
While the list above is sorted by the lowest overall cost of living index, the following cities have the lowest home price to income ratio, meaning you can get more home for your money.
Sarah graduated from Trinity University in 2012 with a degree in International Relations and Political Science. She writes blogs on new homes, decor, communities, and more for NewHomeSource. When she’s not writing, you can find her spending time with her three cats.