Alma, NE vs Malcolm, NE

Alma is moderately more affordable than Malcolm, with a 9.6% lower cost of living index. Alma scores 71 compared to 79 for Malcolm, where the US average is 100. This difference means residents of Malcolm can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Alma is $875/month compared to $893/month in Malcolm — a 2% difference. Home values follow the same pattern: Alma is more affordable at $158,200 median vs $239,800.

Median household income in Alma is $68,333 compared to $84,712 in Malcolm (-19.3%). While Malcolm is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alma spend roughly 15.4% of their income on rent, more than the 12.6% in Malcolm.

Climate-wise, both cities share similar average temperatures (53.9°F vs 52.3°F). Malcolm receives more rainfall at 29.3" per year compared to 21.5" in Alma.