Cost of Living: Santa monica, CA vs Ely, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Santa monica | Ely |
|---|---|---|
| Housing Index | 140.5 | 110.0 |
| Median Home Price | $1,380,000 | $211,000 |
| Average Rent (2 BR Apartment) | $3500 | $1200 |
| Average Rent (2 BR House) | $3680 | $1280 |
Housing Comparison: Santa monica vs Ely
- In Santa monica, the median home price is higher at $1,380,000, while in Ely it is $211,000.
- Renting a two-bedroom apartment costs more in Santa monica at $3,500 than in 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 | Santa monica | Ely |
|---|---|---|
| Electricity Price | $32.99 | $16.38 |
| Natural Gas Price | $16.99 | $14.87 |
| Other Utilities | $220 | $230 |
Utilities Comparison: Santa monica vs Ely
- Electricity costs are higher in Santa monica at $32.99 per kWh, compared to $16.38 in Ely.
- Natural gas is more expensive in Santa monica at $16.99 per unit, while it is cheaper at $14.87 in Ely.
- Ely has higher utility expenses, averaging $230, while Santa monica averages $220.