Cost of Living: Montgomery, NY vs Ely, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Montgomery | Ely |
|---|---|---|
| Housing Index | 120.0 | 110.0 |
| Median Home Price | $346,000 | $100,000 |
| Average Rent (2 BR Apartment) | $1800 | $1600 |
| Average Rent (2 BR House) | $1880 | $1640 |
Housing Comparison: Montgomery vs Ely
- In Montgomery, the median home price is higher at $346,000, while in Ely it is $100,000.
- Renting a two-bedroom apartment costs more in Montgomery at $1,800 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 | Montgomery | Ely |
|---|---|---|
| Electricity Price | $26.08 | $15.5 |
| Natural Gas Price | $18.13 | $20.66 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Montgomery vs Ely
- Electricity costs are higher in Montgomery 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 Montgomery.
- Utility expenses are equal in both Montgomery and Ely averaging $250.