Elwood, NY vs Port Chester, NY

Elwood, NY and Port Chester, NY have a very similar cost of living, with only a 4.1% difference in their overall index. Elwood scores 138 while Port Chester scores 144 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 Elwood is $1,455/month compared to $1,922/month in Port Chester — a 24% difference. Interestingly, home values tell a different story: while Elwood has cheaper rent, Port Chester actually has lower median home values ($563,900 vs $664,200).

Median household income in Elwood is $170,987 compared to $99,916 in Port Chester (+71.1%). 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 10.2% of their income on rent, less than the 23.1% in Port Chester.

Climate-wise, both cities share similar average temperatures (53.4°F vs 52°F). Port Chester receives more rainfall at 47.8" per year compared to 38.3" in Elwood.