Tuesday, January 16, 2024

Comparing Dorchester's Costs-Of-Living


We've said it before but it bears repeating: Dorchester has a lot going for it if you are looking for the following:
  • Living in a safe, friendly and affordable small-town community.
  • Sending your kids to a newer K-12 school with quality staff members who aren't driven by political agendas. 
  • Living in a village with friendly, engaged citizens that are always looking for ways to improve.
  • Being close to many area employers and just 25 minutes to Lincoln.  

But perhaps Dorchester's biggest benefits are its affordable housing and costs-of-living, with the lowest school tax levy rates in the county and one of the lower property rates in southeast Nebraska.

The Dorchester Times has run the numbers -- and they show that those living in Lincoln or Omaha, especially if they desire a close-knit, smaller community and saving money for the future, may want to consider relocating to Dorchester. Here's why:

Dorchester Vs. Lincoln

Dorchester's median home listing price is around $95,000 compared to Lincoln's $341,100. So a couple or individual could live in a home in Dorchester for roughly $246,000 less, right up front.  

Then, over a decade, that couple would save tens of thousands of dollars on property taxes, according to tax data.

We estimate that over 10 years, a couple or individual would save roughly $100,000 just on housing costs and property taxes by moving from Lincoln to Dorchester. (What could you do with an extra $100,000? Remember, this is just the average.)

Of course, this doesn't include the intangibles such as safety, quality of a child's upbringing, knowing your neighbors, peace and quiet, etc.

Dorchester Vs. Omaha

Omaha's median home cost is $335,000 compared to Dorchester's $95,000.  A couple or individual could live in the same grade of home in Dorchester for roughly $240,000 less. Again, over 10 years, that couple would save roughly tens of thousands of dollars on property taxes.

Inflation -- caused mostly by the government's money printing, hiring, and mandates, like minimum wage hikes -- is going to force many Americans to take a crash course in personal economics. 

When they do, they would be wise to recognize the financial advantages of small-town living.

2 comments:

  1. not fair ........... youre forgeting about the free poop on the sidewalks in omaha and lincoln .............................................. dont forget the friendly thugs that stormed the buildings around the state capitol in 2020 ................................... pieces of poop themselves ........................................... why werent they arrested ......................................... all are invited to my farm .................................... meet my ar15 called betsy .............................

    ReplyDelete
  2. Oh yea, we got the FOX news also.

    ReplyDelete

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