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Elwood, NE vs Pickrell, NE

68
Elwood
Nebraska
VS
-5.1%
71
Pickrell
Nebraska

Elwood is moderately more affordable than Pickrell, with a 5.1% lower cost of living index. Elwood scores 68 compared to 71 for Pickrell, where the US average is 100. This difference means residents of Pickrell can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elwood is $775/month compared to $840/month in Pickrell — a 8% difference. Home values follow the same pattern: Elwood is more affordable at $150,700 median vs $170,800.

Median household income in Elwood is $68,500 compared to $66,250 in Pickrell (+3.4%). Elwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elwood spend roughly 13.6% of their income on rent, less than the 15.2% in Pickrell.

Climate-wise, both cities share similar average temperatures (52.2°F vs 51.5°F). Pickrell receives more rainfall at 29.5" per year compared to 20.1" in Elwood.

Income & Cost

Cost of Living Index
Elwood
68
5% cheaper
Pickrell
71
Median Household Income
Elwood
$68,500
3% higher
Pickrell
$66,250

Housing

Median Rent
Elwood
$775
8% cheaper
Pickrell
$840
Median Home Value
Elwood
$150,700
12% cheaper
Pickrell
$170,800
Population
Elwood
535
Pickrell
190

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Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Elwood 52.2°F
Pickrell 51.5°F
Summer High
Elwood 91°F
Pickrell 87°F
Winter Low
Elwood 16°F
Pickrell 15°F
Rainfall
Elwood 20.1"
Pickrell 29.5"
Rainy Days
Elwood 79d
Pickrell 100d