Elmwood, NE vs Imperial, NE

Elmwood is moderately more affordable than Imperial, with a 7.4% lower cost of living index. Elmwood scores 72 compared to 78 for Imperial, where the US average is 100. This difference means residents of Imperial can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elmwood is $840/month compared to $1,046/month in Imperial — a 20% difference. Home values follow the same pattern: Elmwood is more affordable at $176,600 median vs $176,700.

Median household income in Elmwood is $81,250 compared to $71,667 in Imperial (+13.4%). Elmwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elmwood spend roughly 12.4% of their income on rent, less than the 17.5% in Imperial.

Climate-wise, both cities share similar average temperatures (51.2°F vs 51.3°F). Elmwood receives more rainfall at 32.3" per year compared to 17.5" in Imperial.