Cost of Living in Farnam, NE
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.0
100 = national avg
-27.0 vs national average
Living Wage (1 Adult)
$32,114
per year
Living Wage (Family of 4)
$75,907
per year
Cost Index by Category
Housing61.8
Food85.5
Transportation71.1
Healthcare88.4
Utilities83.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$881
per month
2 Bedroom
$995
per month
The overall cost of living index in Farnam is 73.0, which is 27.0% below the national average. Housing costs are below the national average at an index of 61.8. A single adult needs to earn approximately $32,114 per year to cover basic expenses.