Cost of Living in Panaca, NV
Housing
The housing market plays a significant role in determining the cost of living in Panaca, NV.
- Housing Index: 85.0 / 100
- Median Home Price is: $210000
- Average Rent (2 BR Apartment): $1000 per month
- Average Rent (2 BR House): $1040 per month
When considering a move to Panaca, NV, the current housing index of 85.0 indicates an affordable market, especially when compared to national averages. With a median home price of 210000 and average rents of 1000 for a 2-bedroom apartment and 1040 for a house, living costs appear manageable. This could attract both renters and buyers seeking affordable housing. Additionally, research shows that towns with a housing index below 100 often offer better economic opportunities, making Panaca a viable option for future residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Panaca, 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.): $200 per month
Living in Panaca, 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 $200 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 Panaca is a financially viable option for your relocation.