Beloit, KS vs Elwood, KS

Beloit, KS and Elwood, KS have a very similar cost of living, with only a 4.8% difference in their overall index. Beloit scores 62 while Elwood scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Beloit is $739/month compared to $883/month in Elwood — a 16% difference. Interestingly, home values tell a different story: while Beloit has cheaper rent, Elwood actually has lower median home values ($90,000 vs $99,100).

Median household income in Beloit is $50,865 compared to $66,364 in Elwood (-23.4%). While Elwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Beloit spend roughly 17.4% of their income on rent, more than the 16% in Elwood.

Climate-wise, both cities share similar average temperatures (54.1°F vs 53.7°F). Elwood receives more rainfall at 34.8" per year compared to 28.4" in Beloit.