Elwood, NE vs Hubbard, NE
There is a significant gap in the cost of living between these two cities. Elwood is 20.2% cheaper than Hubbard. With a cost index of 68 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elwood to Hubbard should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Elwood are $150,700 compared to $170,800 in Hubbard, a 12% gap.
Median household income in Elwood is $68,500 compared to $57,250 in Hubbard (+19.7%). Elwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.
Climate-wise, Elwood is notably warmer with an average of 52.2°F compared to 48.4°F in Hubbard. Hubbard receives more rainfall at 29.3" per year compared to 20.1" in Elwood.
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Climate
NOAA 30-year normals (1991-2020)