Cost of Living in Grand Island, NE
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
98.3
100 = national avg
-1.7 vs national average
Living Wage (1 Adult)
$43,270
per year
Living Wage (Family of 4)
$102,275
per year
Cost Index by Category
Housing106.1
Food97.7
Transportation82.8
Healthcare98.2
Utilities99.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$978
per month
2 Bedroom
$1,215
per month
The overall cost of living index in Grand Island is 98.3, which is 1.7% below the national average. Housing costs are above the national average at an index of 106.1. A single adult needs to earn approximately $43,270 per year to cover basic expenses.