Colon, NE vs Phillips, NE

Colon, NE and Phillips, NE have a very similar cost of living, with only a 2.2% difference in their overall index. Colon scores 63 while Phillips scores 64 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 Colon is $625/month compared to $695/month in Phillips — a 10% difference. Interestingly, home values tell a different story: while Colon has cheaper rent, Phillips actually has lower median home values ($140,400 vs $142,700).

Median household income in Colon is $60,625 compared to $78,750 in Phillips (-23%). While Phillips is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colon spend roughly 12.4% of their income on rent, more than the 10.6% in Phillips.

Climate-wise, both cities share similar average temperatures (51.2°F vs 51.8°F). Colon receives more rainfall at 32.3" per year compared to 26.6" in Phillips.