Cost of Living: Springfield, MA vs Panaca, NV

Housing

The housing market plays a significant role in determining the cost of living.

Metric Springfield Panaca
Housing Index 120.0 85.0
Median Home Price $287,000 $210,000
Average Rent (2 BR Apartment) $1800 $1000
Average Rent (2 BR House) $1840 $1040

Housing Comparison: Springfield vs Panaca

  • In Springfield, the median home price is higher at $287,000, while in Panaca it is $210,000.
  • Renting a two-bedroom apartment costs more in Springfield at $1,800 than in Panaca at $1,000.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.

Metric Springfield Panaca
Electricity Price $28.15 $15.5
Natural Gas Price $21.62 $20.66
Other Utilities $250 $200

Utilities Comparison: Springfield vs Panaca

  • Electricity costs are higher in Springfield at $28.15 per kWh, compared to $15.5 in Panaca.
  • Natural gas is more expensive in Springfield at $21.62 per unit, while it is cheaper at $20.66 in Panaca.
  • Other utility costs are higher in Springfield at an average of $250, compared to Panaca with $200.