Beaver, UT vs Elwood, UT

There is a significant gap in the cost of living between these two cities. Beaver is 20.4% cheaper than Elwood. With a cost index of 91 vs 115, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Beaver to Elwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Beaver is $1,101/month compared to $1,375/month in Elwood — a 20% difference. Home values follow the same pattern: Beaver is more affordable at $295,700 median vs $480,100.

Median household income in Beaver is $82,625 compared to $99,375 in Elwood (-16.9%). The higher salaries in Elwood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Beaver spend roughly 16% of their income on rent, less than the 16.6% in Elwood.