Cody, NE vs Elwood, NE

Cody is moderately more affordable than Elwood, with a 13.1% lower cost of living index. Cody scores 59 compared to 68 for Elwood, where the US average is 100. This difference means residents of Elwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cody is $615/month compared to $775/month in Elwood — a 21% difference. Home values follow the same pattern: Cody is more affordable at $102,100 median vs $150,700.

Median household income in Cody is $68,594 compared to $68,500 in Elwood (+0.1%). Cody offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cody spend roughly 10.8% of their income on rent, less than the 13.6% in Elwood.

Climate-wise, Elwood is notably warmer with an average of 52.2°F compared to 49.1°F in Cody. Cody receives more rainfall at 20.9" per year compared to 20.1" in Elwood.