Elmwood, NE vs Hayes Center, NE

There is a significant gap in the cost of living between these two cities. Hayes Center is 16.3% cheaper than Elmwood. With a cost index of 62 vs 72, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hayes Center to Elmwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elmwood is $840/month compared to $775/month in Hayes Center — a 8% difference. Home values follow the same pattern: Hayes Center is more affordable at $83,300 median vs $176,600.

Median household income in Elmwood is $81,250 compared to $70,208 in Hayes Center (+15.7%). The higher salaries in Elmwood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Elmwood spend roughly 12.4% of their income on rent, less than the 13.2% in Hayes Center.

Climate-wise, both cities share similar average temperatures (51.2°F vs 50.2°F). Elmwood receives more rainfall at 32.3" per year compared to 21.5" in Hayes Center.