Hastings, NE

Very Low · 60

Nebraska · Population 25,005 · Updated March 2026

$858
Median Rent / Month
$61,202
Median Income
$177,200
Median Home Value
$915
Owner Costs / Month

Affordability

How far your income goes in Hastings

16.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Nebraska

State-level tax rates that affect your costs

6.64%
Income Tax (Top Rate)
5.5%
Sales Tax
1.73%
Property Tax Rate

Estimated Annual Costs

$10,296
Annual Rent
$4,064
State Income Tax
$3,066
Property Tax (est.)

Cost of Living Overview

Hastings is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 60 (where 100 equals the national median), Hastings residents can expect to pay median rent of $858/month while earning a median household income of $61,202/year.

The median home value in Hastings, NE is $177,200, with typical monthly owner costs around $915 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Nebraska has a moderate income tax rate of 6.64%. Combined with a 5.5% sales tax rate and 1.73% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hastings.

Frequently Asked Questions

Common questions about living costs in Hastings

What is the cost of living in Hastings, NE?
The cost of living index in Hastings, NE is 60 (US average = 100). Median monthly rent is $858, median household income is $61,202/year, and the median home value is $177,200.
Is Hastings, NE affordable?
Yes, Hastings is more affordable than the national average with a cost index of 60. The rent-to-income ratio is 16.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hastings, NE?
The median gross rent in Hastings, NE is $858 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,296.
What is the median household income in Hastings?
The median household income in Hastings, NE is $61,202 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Nebraska?
Nebraska has a top income tax rate of 6.64%, a sales tax of 5.5%, and an effective property tax rate of 1.73%.