Elwood, NE vs Raymond, NE

There is a significant gap in the cost of living between these two cities. Elwood is 21.9% cheaper than Raymond. With a cost index of 68 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elwood to Raymond should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Elwood are $150,700 compared to $177,100 in Raymond, a 15% gap.

Median household income in Elwood is $68,500 compared to $91,250 in Raymond (-24.9%). While Raymond is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, both cities share similar average temperatures (52.2°F vs 52.3°F). Raymond receives more rainfall at 29.3" per year compared to 20.1" in Elwood.