Cost of Living: Herkimer, NY vs Ely, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Herkimer | Ely |
|---|---|---|
| Housing Index | 110.0 | 110.0 |
| Median Home Price | $145,000 | $100,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1225 | $1640 |
Housing Comparison: Herkimer vs Ely
- In Herkimer, the median home price is higher at $145,000, while in Ely it is $100,000.
- In Ely, the rental for a two-bedroom apartment stands at $1,600, while it is $1,200 in Herkimer.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Herkimer | Ely |
|---|---|---|
| Electricity Price | $26.08 | $15.5 |
| Natural Gas Price | $18.13 | $20.66 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Herkimer vs Ely
- Electricity costs are higher in Herkimer at $26.08 per kWh, compared to $15.5 in Ely.
- Ely experiences higher natural gas costs at $20.66 per unit, with costs at $18.13 in Herkimer.
- Utility expenses are equal in both Herkimer and Ely averaging $250.