Cost of Living in Spencer, NE
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.6
100 = national avg
-20.4 vs national average
Living Wage (1 Adult)
$35,012
per year
Living Wage (Family of 4)
$82,757
per year
Cost Index by Category
Housing63.1
Food92.4
Transportation84.8
Healthcare93.9
Utilities88.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$732
per month
2 Bedroom
$961
per month
The overall cost of living index in Spencer is 79.6, which is 20.4% below the national average. Housing costs are below the national average at an index of 63.1. A single adult needs to earn approximately $35,012 per year to cover basic expenses.