Carleton, NE vs Elwood, NE

There is a significant gap in the cost of living between these two cities. Elwood is 16.7% cheaper than Carleton. With a cost index of 68 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elwood to Carleton should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Carleton are $87,300 compared to $150,700 in Elwood, a 42% gap.

Median household income in Carleton is $79,118 compared to $68,500 in Elwood (+15.5%). The higher salaries in Carleton partially offset the cost difference, but don't fully close the gap.

Climate-wise, both cities share similar average temperatures (51.9°F vs 52.2°F). Carleton receives more rainfall at 26.4" per year compared to 20.1" in Elwood.