Cost of Living: Merced, CA vs Panaca, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Merced | Panaca |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $358,000 | $210,000 |
| Average Rent (2 BR Apartment) | $1800 | $1000 |
| Average Rent (2 BR House) | $1825 | $1040 |
Housing Comparison: Merced vs Panaca
- In Merced, the median home price is higher at $358,000, while in Panaca it is $210,000.
- Renting a two-bedroom apartment costs more in Merced at $1,800 than in Panaca at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Merced | Panaca |
|---|---|---|
| Electricity Price | $32.99 | $15.5 |
| Natural Gas Price | $16.99 | $20.66 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Merced vs Panaca
- Electricity costs are higher in Merced at $32.99 per kWh, compared to $15.5 in Panaca.
- Panaca experiences higher natural gas costs at $20.66 per unit, with costs at $16.99 in Merced.
- Other utility costs are higher in Merced at an average of $250, compared to Panaca with $200.