Amherst, NE vs Elmwood, NE

Amherst is moderately more affordable than Elmwood, with a 8.1% lower cost of living index. Amherst scores 66 compared to 72 for Elmwood, where the US average is 100. This difference means residents of Elmwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Amherst is $683/month compared to $840/month in Elmwood — a 19% difference. Home values follow the same pattern: Amherst is more affordable at $169,600 median vs $176,600.

Median household income in Amherst is $67,917 compared to $81,250 in Elmwood (-16.4%). While Elmwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Amherst spend roughly 12.1% of their income on rent, less than the 12.4% in Elmwood.

Climate-wise, both cities share similar average temperatures (50.2°F vs 51.2°F). Elmwood receives more rainfall at 32.3" per year compared to 22.9" in Amherst.