Elmwood, NE vs Madison, NE

Madison is moderately more affordable than Elmwood, with a 9.3% lower cost of living index. Elmwood scores 72 compared to 66 for Madison, where the US average is 100. This difference means residents of Elmwood 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 $818/month in Madison — a 3% difference. Home values follow the same pattern: Madison is more affordable at $116,000 median vs $176,600.

Median household income in Elmwood is $81,250 compared to $56,932 in Madison (+42.7%). 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 17.2% in Madison.

Climate-wise, both cities share similar average temperatures (51.2°F vs 49.2°F). Elmwood receives more rainfall at 32.3" per year compared to 27" in Madison.