Cost of Living in Elwood, NE
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
95.1
100 = national avg
-4.9 vs national average
Living Wage (1 Adult)
$41,829
per year
Living Wage (Family of 4)
$98,868
per year
Cost Index by Category
Housing82.6
Food102.4
Transportation100.8
Healthcare101.9
Utilities97.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$732
per month
2 Bedroom
$961
per month
The overall cost of living index in Elwood is 95.1, which is 4.9% below the national average. Housing costs are below the national average at an index of 82.6. A single adult needs to earn approximately $41,829 per year to cover basic expenses.