Overall
86.7
-13.3 below avg
Metro cost profile · 2024 BEA RPP
Grand Island, NE
Cost-of-living indicators for Grand Island, NE, from Bureau of Economic Analysis Regional Price Parities, overall, goods, services, and rents vs the U.S. average of 100.
- 86.7
- Overall RPP
- #358
- of 387 metros
- 61.7
- Rents RPP
- $115K
- $100K national buys
Grand Island ranks #358 of 387 U.S. metros by cost, and its overall price index has risen 4.9 points since 2008.
- rising since 2008
- similar cost to Grand Forks
The verdict
Grand Island costs less than 93% of U.S. metros, an overall index of 86.7, 13.3% below the national average, with rents the biggest swing at 61.7.
- bottom 7%
- by overall cost, nationwide
- 94.1
- goods RPP, tradable items
- 74.2
- services RPP, labor-priced
- $78K
- local median income, national buying power
A $100,000 national salary carries the purchasing power of about $115,397 here; matching a $100K lifestyle takes roughly $86,657.
What the Numbers Mean for Grand Island
Grand Island ranks #358 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the bottom quartile for cost. With an overall Regional Price Parity of 86.7, Grand Island, NE is 13.3% less expensive than the national baseline of 100. The gap between Grand Island's most and least expensive categories - goods at 94.1 versus rents at 61.7 - is what drives the household budget experience on the ground, not the single headline number.
Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $115,397 inside Grand Island, while a household needs roughly $86,657 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 61.7 - 38.3% below the national average, so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.
Looking at the 2008-2024 trajectory, Grand Island's overall index has risen by 4.9 points, signaling tightening affordability. For the 2024 data year, goods are indexed at 94.1 and services at 74.2, meaning everyday spending in Grand Island is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.
Grand Island vs every U.S. metro
Where this metro sits in the national cost distribution
87 Top 93% higher than 7% of 387 US metros
Each bar is a band; taller bars hold more US metros. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Bureau of Economic Analysis, Regional Price Parities · 2024
Grand Island cost breakdown
BEA RPP by category, 100 = national average
- Rents
Rents
61.7 RPP
- Services
Services
74.2 RPP
- Overall
Overall
86.7 RPP
- Goods
Goods
94.1 RPP
What this shows Grand Island's gap from the national average is led by rents at 61.7. Goods barely move between metros; the spread you feel is housing and services.
Goods vs. housing, where Grand Island's cost comes from
Metros near Grand Island's overall cost, plotted by their goods price (horizontal) and housing price (vertical). Same headline RPP, very different structures.
Crosshairs sit at the group median (goods 95.6, rents 57.8). Grand Island is skewed toward housing costs relative to its peer group. Source: U.S. Bureau of Economic Analysis, Regional Price Parities, 2024.
Price Index Summary
Goods
94.1
-5.9 below avg
Services
74.2
-25.8 below avg
Rents
61.7
-38.3 below avg
Salary Equivalent
A $100,000 salary at the national average cost of living equals:
$86,657
in Grand Island, NE purchasing power
$50,000 nationally
$43,329
$75,000 nationally
$64,993
$125,000 nationally
$108,321
$150,000 nationally
$129,985
$200,000 nationally
$173,314
Use the salary calculator for custom amounts.
RPP History (2008-2024)
The cost of living has been trending upward, increasing by 4.9 points over this period. The largest single-year move was in 2010, when the index jumped 5.8 points from the year before, a bigger swing than the full 2008-2024 change.
Grand Island overall RPP, 2008-2024
Every year on record, national average = 100
| Year | Overall |
|---|---|
| 2008 | 81.8 |
| 2009 | 82.3 |
| 2010 | 88.1 |
| 2011 | 89.2 |
| 2012 | 85.0 |
| 2013 | 86.9 |
| 2014 | 83.3 |
| 2015 | 87.3 |
| 2016 | 87.7 |
| 2017 | 83.2 |
| 2018 | 88.1 |
| 2019 | 90.0 |
| 2020 | 90.5 |
| 2021 | 89.1 |
| 2022 | 86.7 |
| 2023 | 87.1 |
| 2024 | 86.7 |
Metros with Similar Cost of Living
These metros have an overall RPP closest to Grand Island, NE's index of 86.7.
What this means for Grand Island
How to read Grand Island's cost of living before a move, a job offer, or a budget.
- Budget to local prices, not headline pay, a $100K national salary spends like about $115,397 in Grand Island. Salary calculator
- Weigh housing heaviest: rents here index at 61.7 (38.3% below average) - the single largest swing in the RPP, while goods barely move between metros.
- Local median household income is $67,397; adjusted for Grand Island's price level that is about $77,774 in national-average buying power.
- Compare Grand Island head-to-head against a specific destination before you decide. Compare metros
RPP is BEA's annual price-level benchmark for the data year shown, not a live market quote. Pair it with current local wages and housing costs before deciding.
Compare to Other Metros
Cost of Living Guides
Cheapest Metros to Live in 2026
Official BEA data on the most affordable areas
Most Expensive Cities: 2026 Rankings
What drives high costs and how to cope
Salary Negotiation Using RPP Data
Calculate real purchasing power for negotiations
Comparing Metro Areas
Step-by-step BEA RPP comparison walkthrough
Frequently Asked Questions
What is the cost of living in Grand Island, NE? ▼
Grand Island, NE has a Regional Price Parity (RPP) index of 86.7, meaning it is 13.3% less expensive than the national average. Goods are indexed at 94.1, services at 74.2, and rents at 61.7. It ranks #358 out of 387 U.S. metro areas by overall cost.
What salary do I need in Grand Island, NE to match $100K nationally? ▼
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $86,657 in Grand Island, NE. Conversely, $100K earned in Grand Island, NE has the purchasing power of $115,397 at the national average.
How expensive is rent in Grand Island, NE? ▼
Rents in Grand Island, NE are indexed at 61.7, which is 38.3% below the national average. This makes the area relatively affordable for renters.
Is Grand Island, NE getting more expensive? ▼
From 2008 to 2024, Grand Island, NE's overall cost index changed by +4.9 points (from 81.8 to 86.7). The cost of living has been trending upward.
What costs the most in Grand Island, NE? ▼
The priciest category in Grand Island, NE is goods at 94.1, 5.9% below the national average, still the highest of the three categories. The most affordable category is rents at 61.7, 38.3% below average.
What metros have a similar cost of living to Grand Island, NE? ▼
Metros with the most similar overall cost index include Grand Forks, Florence, Sioux City. These areas have RPP values within a few points of Grand Island, NE's 86.7.
Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.
Related
Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.
Read our methodology - how this data is sourced, computed, and verified.
Federal data behind these figures
- BEA Regional Price Parities (RPP) - the cost-of-living indices shown on this page. bea.gov/data/regional-price-parities
- U.S. Census Bureau, American Community Survey (ACS) - the gross-rent observations BEA uses to build the rents component. census.gov/programs-surveys/acs
- BLS Consumer Price Index (CPI) - the price program underlying BEA's goods and services price relatives. bls.gov/cpi
- BLS Occupational Employment and Wage Statistics (OEWS) - wage reference for the labor-driven services component. bls.gov/oes
- HUD Fair Market Rents (FMR) - federal 40th-percentile rent cross-reference for the housing component. huduser.gov/datasets/fmr
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. This page draws directly on BEA Regional Price Parity source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-05-15. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.