Hemingford, NE vs Madrid, NE

Hemingford, NE and Madrid, NE have a very similar cost of living, with only a 0.5% difference in their overall index. Hemingford scores 66 while Madrid scores 66 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 Hemingford is $880/month compared to $850/month in Madrid — a 4% difference. Interestingly, home values tell a different story: while Madrid has cheaper rent, Hemingford actually has lower median home values ($86,400 vs $101,300).

Median household income in Hemingford is $64,356 compared to $71,750 in Madrid (-10.3%). While Madrid is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hemingford spend roughly 16.4% of their income on rent, more than the 14.2% in Madrid.

Climate-wise, Madrid is notably warmer with an average of 51.3°F compared to 46.2°F in Hemingford. Madrid receives more rainfall at 17.5" per year compared to 14.9" in Hemingford.