Elmwood, NE vs Gresham, NE

The cost of living difference between Elmwood, NE and Gresham, NE is dramatic. Gresham is 34.1% cheaper than Elmwood, a gap that translates to thousands of dollars per year in household expenses. Elmwood has a cost index of 72 while Gresham sits at 54, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Elmwood is $840/month compared to $533/month in Gresham — a 58% difference. Home values follow the same pattern: Gresham is more affordable at $68,300 median vs $176,600.

Median household income in Elmwood is $81,250 compared to $42,500 in Gresham (+91.2%). While Elmwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elmwood spend roughly 12.4% of their income on rent, less than the 15% in Gresham.

Climate-wise, both cities share similar average temperatures (51.2°F vs 52.3°F). Elmwood receives more rainfall at 32.3" per year compared to 29.3" in Gresham.