Elmwood, NE vs Pierce, NE

Elmwood, NE and Pierce, NE have a very similar cost of living, with only a 1.1% difference in their overall index. Elmwood scores 72 while Pierce scores 72 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Elmwood is $840/month compared to $883/month in Pierce — a 5% difference. Interestingly, home values tell a different story: while Elmwood has cheaper rent, Pierce actually has lower median home values ($157,600 vs $176,600).

Median household income in Elmwood is $81,250 compared to $64,167 in Pierce (+26.6%). 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 16.5% in Pierce.

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 Pierce.