Housing costs in Elwood?
A typical home costs
$278,400, which is 17.7% less expensive than the national average of
$338,100 and 22.1% more expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Elwood costs
$850 per month, which is 12.4% cheaper than the national average of
$970 and 2.4% cheaper than the state average of
$870.
Can I afford Elwood?
To live comfortably in Elwood (zip 68937), Nebraska, a minimum annual income of
$53,280 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Elwood?
The cost of living in 68937 Elwood, NE is favorable compared to the national average. According to BestPlaces, the cost of living index in Elwood is 82.28, which is 18% lower than the U.S. average of 100. This means that basic groceries, transportation and healthcare are less expensive than many other parts of the country. Additionally, housing costs in this small town are very reasonable; Zillow reports that the median home value is $93,900 and median rent is $750 per month. All these factors combined make Elwood an attractive place for those looking for an affordable place to settle down.