Cost of Living: Erwin, TN vs Ely, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Erwin | Ely |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $228,000 | $100,000 |
| Average Rent (2 BR Apartment) | $1150 | $1600 |
| Average Rent (2 BR House) | $1200 | $1640 |
Housing Comparison: Erwin vs Ely
- In Erwin, the median home price is higher at $228,000, while in Ely it is $100,000.
- In Ely, the rental for a two-bedroom apartment stands at $1,600, while it is $1,150 in Erwin.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Erwin | Ely |
|---|---|---|
| Electricity Price | $12.57 | $15.5 |
| Natural Gas Price | $12.35 | $20.66 |
| Other Utilities | $220 | $250 |
Utilities Comparison: Erwin vs Ely
- Ely has higher electricity costs at $15.5 per kWh, versus $12.57 in Erwin.
- Ely experiences higher natural gas costs at $20.66 per unit, with costs at $12.35 in Erwin.
- Ely has higher utility expenses, averaging $250, while Erwin averages $220.