Cost of Living in Amherst, NE
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.4
100 = national avg
-4.6 vs national average
Living Wage (1 Adult)
$41,993
per year
Living Wage (Family of 4)
$99,256
per year
Cost Index by Category
Housing83.1
Food101.9
Transportation103.8
Healthcare101.5
Utilities97.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$863
per month
2 Bedroom
$1,031
per month
The overall cost of living index in Amherst is 95.4, which is 4.6% below the national average. Housing costs are below the national average at an index of 83.1. A single adult needs to earn approximately $41,993 per year to cover basic expenses.