Clay Center, NE vs Madrid, NE

Clay Center, NE and Madrid, NE have a very similar cost of living, with only a 4.7% difference in their overall index. Clay Center scores 63 while Madrid scores 66 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 Clay Center is $620/month compared to $850/month in Madrid — a 27% difference. Interestingly, home values tell a different story: while Clay Center has cheaper rent, Madrid actually has lower median home values ($101,300 vs $148,300).

Median household income in Clay Center is $75,833 compared to $71,750 in Madrid (+5.7%). Clay Center offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Clay Center spend roughly 9.8% of their income on rent, less than the 14.2% in Madrid.

Climate-wise, both cities share similar average temperatures (51.9°F vs 51.3°F). Clay Center receives more rainfall at 26.4" per year compared to 17.5" in Madrid.