Cost of Living in Broken Bow
Broken Bow's cost of living centers on genuinely affordable housing and a real, moderate property tax rate, alongside Nebraska's declining state income tax.
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Learn moreGenuinely affordable housing, with a disclosed spread
One source cited an average home value of $162,870 (+3.8% YoY), while a separate source cited a lower median sale price of $174,000 (-11% YoY) -- a real, disclosed divergence in both level and direction, both well below the ~$408,776 national median (base record).
A real, disclosed rent spread
Average rent citations ranged from approximately $826 to $1,067/month, about 29% below a cited national average of $1,163 -- a real, disclosed spread reflecting Broken Bow's small rental market (base record).
A genuinely moderate property tax rate
Ownwell cites Broken Bow's median effective rate at 1.35% and a typical annual bill of $1,629 -- above the ~1.02% national rate figure yet below Nebraska's own statewide average, with the bill itself running below the national median bill (base record).
Nebraska's real, declining top income tax rate
Nebraska's 2026 top income tax rate of 4.55% is scheduled to fall to a flat 3.99% by 2027, with Social Security income now fully exempt statewide (base record).
Key takeaways
- Broken Bow's housing runs affordable, though cited figures ($162,870 vs. $174,000) diverge in level and direction.
- Rent runs approximately 29% below a cited national average.
- Broken Bow's 1.35% property tax rate runs moderate -- above national, below Nebraska's own statewide average.
- Nebraska's declining income tax and full Social Security exemption add further cost relief.
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