Cost of Living in Ely, NV
Housing
The housing market plays a significant role in determining the cost of living in Ely, NV.
- Housing Index: 110.0 / 100
- Median Home Price is: $100,000
- Average Rent (2 BR Apartment): $1600 per month
- Average Rent (2 BR House): $1640 per month
When considering a move to Ely, NV, the data reveals a small community with a population of . The median age of 38.7 indicates a mature demographic, while a significant 40% of families are married, contributing to the area's stability. The median income rate of $ suggests a relatively healthy economic environment, though a 10% poverty level presents a factor to consider. Additionally, with an unemployment rate of , job opportunities may be moderate. Overall, Ely offers a quiet life with mixed economic prospects worth evaluating.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ely, NV.
- Electricity Price: $15.5 USD (median by state)
- Natural Gas Price: $20.66 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Ely, NV could entail higher utility costs. Electricity costs sit at $15.5, while natural gas is priced at $20.66 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Ely is a financially viable option for your relocation.