Elk Horn, IA vs Greenfield, IA

Elk Horn, IA and Greenfield, IA have a very similar cost of living, with only a 3.5% difference in their overall index. Elk Horn scores 62 while Greenfield scores 60 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 Elk Horn is $643/month compared to $600/month in Greenfield — a 7% difference. Home values follow the same pattern: Greenfield is more affordable at $115,700 median vs $125,300.

Median household income in Elk Horn is $60,000 compared to $53,152 in Greenfield (+12.9%). While Elk Horn is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elk Horn spend roughly 12.9% of their income on rent, less than the 13.5% in Greenfield.