Cost of Living: Phoenix, AZ vs Ely, NV
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Phoenix | Ely |
|---|---|---|
| Housing Index | 115.0 | 110.0 |
| Median Home Price | $358,200 | $100,000 |
| Average Rent (2 BR Apartment) | $1800 | $1600 |
| Average Rent (2 BR House) | $1840 | $1640 |
Housing Comparison: Phoenix vs Ely
- In Phoenix, the median home price is higher at $358,200, while in Ely it is $100,000.
- Renting a two-bedroom apartment costs more in Phoenix 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 | Phoenix | Ely |
|---|---|---|
| Electricity Price | $15.14 | $15.5 |
| Natural Gas Price | $23.51 | $20.66 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Phoenix vs Ely
- Ely has higher electricity costs at $15.5 per kWh, versus $15.14 in Phoenix.
- Natural gas is more expensive in Phoenix at $23.51 per unit, while it is cheaper at $20.66 in Ely.
- Utility expenses are equal in both Phoenix and Ely averaging $250.