Small Town654 people

Elmwood, NE

Discover how far your salary goes in Elmwood. Compare taxes, rent, and living costs.

Cost Index
88
Below Average
Population

654

State Tax

6.8%

1BR Rent

$952

/month

vs National

-32%

below avg

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Rent Prices in Elmwood

🏠

Studio

$762

/month

$9,144/year

Most Common
🛏️

1 Bedroom

$952

/month

$11,424/year

🏡

2 Bedroom

$1,285

/month

$15,420/year

🏘️

3 Bedroom

$1,666

/month

$19,992/year

Taxes in Nebraska

State Income Tax

Nebraska

6.8%

For a $100k salary, that's ~$6,840/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Elmwood, NE?

Elmwood has a cost of living index of 88, which is 12% below the national average. A 1-bedroom apartment costs around $952/month.

What is the state income tax in Nebraska?

Nebraska has a state income tax rate of approximately 6.8%. This is in addition to federal income tax.

How much is rent in Elmwood?

The median rent for a 1-bedroom apartment in Elmwood is $952/month. For a 2-bedroom, expect to pay around $1,285/month. This is 32% below the national average.

Is Elmwood a good place to live?

Elmwood is a small town with a population of 654. The cost of living is below average, making it more affordable than average for the US.

See the complete picture for Elmwood

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