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Grand Island, NE

Complete financial data dashboard — cost of living, mortgage calculator, salary comparisons, and tax details.Source: U.S. Census Bureau ACS 2023 · FRED

Cost Index
53
Very Affordable
Median Home Value
$202,600
National: $426,735
Median Rent
$913/mo
National: $1,527/mo
Household Income
$62,439
National: $84,532
Population
52,761
Purchasing Power
139
100 = national baseline

Cost of Living Breakdown

Housing Cost Index
47 / 100
100 = national average
Rent Index
60 / 100
Overall Index
53
Very Affordable

Grand Island Mortgage Calculator

Pre-filled with the local median home value of $202,600 and Nebraska's property tax rate of 1.73%.

Salary & Purchasing Power

Median household income is $62,439 26% below the national average.

What $62,439 in Grand Island Gets You Elsewhere

CityEquivalent SalaryDifference
New York, NY$177,892+185%
Los Angeles, CA$200,276+221%
El Paso, TX$61,261-2%
Detroit, MI$47,124-25%

Property Tax in Grand Island, NE

Est. Annual Property Tax
$3,505
Monthly Impact
$292
Added to your mortgage
Effective Rate
1.73%
National avg: ~1.00%

Nebraska Tax Overview

Tax TypeNebraskaNational Avg
Property Tax Rate1.73%1.00%
Top Income Tax Rate5.84%~5.0%
State Sales Tax6.96%~5.0%

Compare Grand Island to Another City

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Cost of Living Comparison

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Grand Island, NE
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Cost Index Comparison (100 = National Avg)

Housing CostsNational Avg: 100
Grand Island, NE: 47
Rent Prices
60
LC
Reviewed by LivabilityCalc Research Team
Financial Data Analysts · Census & Economic Data Specialists
📊 Data Sources & Methodology
  • Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 2023 1-Year Estimates
  • Mortgage Rates: Freddie Mac Primary Mortgage Market Survey via Federal Reserve Economic Data (FRED)
  • Tax Rates: Tax Foundation State & Local Tax Data, 2024
  • Cost of Living Index: Calculated using Census housing + rental data vs. national median (see methodology)
Last data update: March 2026 · Mortgage rates updated weekly · Page auto-refreshes every 24 hours via ISR