Cost of Living: Ripley, TN vs Ely, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Ripley | Ely |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $158,000 | $211,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1360 | $1280 |
Housing Comparison: Ripley vs Ely
- The median home price in Ely is higher at $211,000, compared to $158,000 in Ripley.
- The rent for a two-bedroom apartment is equal in both Ripley 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 | Ripley | Ely |
|---|---|---|
| Electricity Price | $12.57 | $16.38 |
| Natural Gas Price | $12.35 | $14.87 |
| Other Utilities | $220 | $230 |
Utilities Comparison: Ripley vs Ely
- Ely has higher electricity costs at $16.38 per kWh, versus $12.57 in Ripley.
- Ely experiences higher natural gas costs at $14.87 per unit, with costs at $12.35 in Ripley.
- Ely has higher utility expenses, averaging $230, while Ripley averages $220.