Cost of Living: Newnan, GA vs Ely, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newnan | Ely |
|---|---|---|
| Housing Index | 90.0 | 110.0 |
| Median Home Price | $363,000 | $211,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1280 |
Housing Comparison: Newnan vs Ely
- In Newnan, the median home price is higher at $363,000, while in Ely it is $211,000.
- The rent for a two-bedroom apartment is equal in both Newnan and Ely at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Newnan | Ely |
|---|---|---|
| Electricity Price | $15.53 | $16.38 |
| Natural Gas Price | $27.53 | $14.87 |
| Other Utilities | $200 | $230 |
Utilities Comparison: Newnan vs Ely
- Ely has higher electricity costs at $16.38 per kWh, versus $15.53 in Newnan.
- Natural gas is more expensive in Newnan at $27.53 per unit, while it is cheaper at $14.87 in Ely.
- Ely has higher utility expenses, averaging $230, while Newnan averages $200.