Cost of Living: Elko new market, MN vs Merrill, WI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Elko new market | Merrill |
|---|---|---|
| Housing Index | Data is updating | Data is updating |
| Median Home Price | $338,000 | $200,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $Data is updating |
| Average Rent (2 BR House) | $Data is updating | $Data is updating |
Housing Comparison: Elko new market vs Merrill
- In Elko new market, the median home price is higher at $338,000, while in Merrill it is $200,000.
- The rent for a two-bedroom apartment is equal in both Elko new market and Merrill at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Elko new market | Merrill |
|---|---|---|
| Electricity Price | $16.38 | $17.6 |
| Natural Gas Price | $14.87 | $11.5 |
| Other Utilities | $Data is updating | $Data is updating |
Utilities Comparison: Elko new market vs Merrill
- Merrill has higher electricity costs at $17.6 per kWh, versus $16.38 in Elko new market.
- Natural gas is more expensive in Elko new market at $14.87 per unit, while it is cheaper at $11.5 in Merrill.
- Utility expenses are equal in both Elko new market and Merrill averaging $0.0.