Elmwood, NE vs Milligan, NE

There is a significant gap in the cost of living between these two cities. Milligan is 21.4% cheaper than Elmwood. With a cost index of 60 vs 72, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Milligan to Elmwood should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elmwood is $840/month compared to $688/month in Milligan — a 22% difference. Home values follow the same pattern: Milligan is more affordable at $83,800 median vs $176,600.

Median household income in Elmwood is $81,250 compared to $55,000 in Milligan (+47.7%). 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 15% in Milligan.

Climate-wise, both cities share similar average temperatures (51.2°F vs 51.5°F). Elmwood receives more rainfall at 32.3" per year compared to 29.5" in Milligan.