Hall County · Nebraska · Midwest · 53k residents
Grand Island, NE: economy, jobs & business costs
The site-selection read on Grand Island: labor costs, talent, corporate tax, energy, and business activity, with the Nebraska median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,074/wk. Nebraska's corporate income tax rate is 5.2%. Commercial electricity averages 8.4¢/kWh.
Compare Grand Island side by side
Avg. weekly wage
$1,074/wk
Corporate income tax
5.2%
Bachelor's degree or higher
20.9%
Commercial electricity
8.4¢/kWh
Economic momentum
How fast Grand Island's economy is moving, ranked against the US cities we track.
33/100
Cooling
Ranks Grand Island's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $218,600 |
| Price per sq. ft. | $165 |
| Property tax rate | 1.6% |
| 1-bedroom rent | $784/mo |
| 2-bedroom rent | $1,031/mo |
| State & local income tax | 3.2% |
| Sales tax | 7% |
| Corporate income tax | 5.2% |
| Avg. weekly wage | $1,074/wk |
| Bachelor's degree or higher | 20.9% |
| Commercial electricity | 8.4¢/kWh |
| Businesses per 1k residents | 31.3/1k |
| Wage: Software developer | $96,260 |
| Wage: Registered nurse | $82,590 |
| Wage: General manager | $79,520 |
| Wage: Customer service | $45,070 |
| Wage: Warehouse worker | $34,650 |
| Wage: Heavy truck driver | $60,810 |
| Wage: Electrician | $52,470 |
| Wage: Retail salesperson | $30,830 |
| Cost of living index | 81 |
| Groceries index | 95 |
| Utilities | $150/mo |
| Transit pass | $55/mo |
| Gas price | $3.05/gal |
| Healthcare index | 95 |
| Childcare (per child) | $1,050/mo |
| Median household income | $63,795 |
| Unemployment rate | 2.5% |
| Population | 53k |
| Crime index | 42/100 |
| School rating | 6.5/10 |
| Walkability | 34/100 |
| Disaster risk | 74/100 |
| Avg. commute | 19 min |
| Sunny days / year | 215 days |
| July high | 88°F |
| January low | 16°F |
| Annual snowfall | 28 in |
| Home price YoY | +1.6% |
| Home price MoM | -0.1% |
| Rent YoY | +2.0% |
| Rent MoM | +0.4% |
| Employment (jobs) YoY | -0.2% |
| Building permits YoY | -19.3% |
| Ocean coast | 803 mi |
| Big lake | 147 mi |
| Mountains | 334 mi |
| Major airport | 130 mi |
| Ski resort | 365 mi |
Popular comparisons
Nearby
- Hastings, NE · 25k
- Kearney, NE · 34k
- Columbus, NE · 24k
- Lincoln, NE · 295k
- Norfolk, NE · 26k
Similar size
- Bellevue, NE · 65k
- Fremont, NE · 28k
- Papillion, NE · 25k
- North Platte, NE · 23k
- La Vista, NE · 17k
Real listings in Grand Island
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Grand Island a good place to run a business?
- Nebraska's corporate income tax rate is 5.2%; average weekly wages in the surrounding labor market run $1,074/wk; commercial electricity averages 8.4¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Grand Island, NE?
- Grand Island indexes at 81 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,031/mo and a acs median home value of $218,600.
- How much does a house cost in Grand Island?
- The acs median home value in Grand Island is $218,600 (Census ACS estimate; individual listings vary).
- How much is rent in Grand Island?
- A two-bedroom in Grand Island rents for about $1,031/mo.