Cost of Living: Madison, NC vs Ely, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madison | Ely |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $205,000 | $100,000 |
| Average Rent (2 BR Apartment) | $1200 | $1600 |
| Average Rent (2 BR House) | $1280 | $1640 |
Housing Comparison: Madison vs Ely
- In Madison, the median home price is higher at $205,000, 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 Madison.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madison | Ely |
|---|---|---|
| Electricity Price | $13.72 | $15.5 |
| Natural Gas Price | $Data is updating | $20.66 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Madison vs Ely
- Ely has higher electricity costs at $15.5 per kWh, versus $13.72 in Madison.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Madison and Ely averaging $250.