Cost of Living: Madisonville, TX vs Ely, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Madisonville | Ely |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $204,000 | $100,000 |
| Average Rent (2 BR Apartment) | $880 | $1600 |
| Average Rent (2 BR House) | $850 | $1640 |
Housing Comparison: Madisonville vs Ely
- In Madisonville, the median home price is higher at $204,000, while in Ely it is $100,000.
- Renting a two-bedroom apartment costs more in Madisonville at $880 than in Ely at $1,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Madisonville | Ely |
|---|---|---|
| Electricity Price | $14.47 | $15.5 |
| Natural Gas Price | $26.29 | $20.66 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Madisonville vs Ely
- Ely has higher electricity costs at $15.5 per kWh, versus $14.47 in Madisonville.
- Natural gas is more expensive in Madisonville at $26.29 per unit, while it is cheaper at $20.66 in Ely.
- Ely has higher utility expenses, averaging $250, while Madisonville averages $200.