Cost of Living: Panaca, NV vs Boaz, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Panaca | Boaz |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $210,000 | $189,000 |
| Average Rent (2 BR Apartment) | $1000 | $950 |
| Average Rent (2 BR House) | $1040 | $1200 |
Housing Comparison: Panaca vs Boaz
- In Panaca, the median home price is higher at $210,000, while in Boaz it is $189,000.
- In Boaz, the rental for a two-bedroom apartment stands at $950, while it is $1,000 in Panaca.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Panaca | Boaz |
|---|---|---|
| Electricity Price | $15.5 | $15.03 |
| Natural Gas Price | $20.66 | $21.76 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Panaca vs Boaz
- Electricity costs are higher in Panaca at $15.5 per kWh, compared to $15.03 in Boaz.
- Boaz experiences higher natural gas costs at $21.76 per unit, with costs at $20.66 in Panaca.
- Utility expenses are equal in both Panaca and Boaz averaging $200.