Farnam, NE vs Nelson, NE

Farnam, NE and Nelson, NE have a very similar cost of living, with only a 4.6% difference in their overall index. Farnam scores 59 while Nelson scores 57 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 Farnam is $708/month compared to $620/month in Nelson — a 14% difference. Interestingly, home values tell a different story: while Nelson has cheaper rent, Farnam actually has lower median home values ($72,100 vs $72,900).

Median household income in Farnam is $46,500 compared to $54,408 in Nelson (-14.5%). Nelson offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Farnam spend roughly 18.3% of their income on rent, more than the 13.7% in Nelson.

Climate-wise, both cities share similar average temperatures (49.9°F vs 51.9°F). Nelson receives more rainfall at 26.4" per year compared to 21.1" in Farnam.