Cost of Living in Farwell, NE
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.4
100 = national avg
-27.6 vs national average
Living Wage (1 Adult)
$31,864
per year
Living Wage (Family of 4)
$75,315
per year
Cost Index by Category
Housing38.9
Food94.4
Transportation88.9
Healthcare95.5
Utilities84.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$910
per month
2 Bedroom
$1,049
per month
The overall cost of living index in Farwell is 72.4, which is 27.6% below the national average. Housing costs are below the national average at an index of 38.9. A single adult needs to earn approximately $31,864 per year to cover basic expenses.