Housing costs in Ely?
A typical home costs
$168,600, which is 50.1% less expensive than the national average of
$338,100 and 59.6% less expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Ely costs
$1,110 per month, which is 22.4% cheaper than the national average of
$1,430 and 30.6% cheaper than the state average of
$1,450.
Can I afford Ely?
To live comfortably in Ely, Nevada, a minimum annual income of
$32,400 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Ely?
The cost of living in Ely, NV is slightly lower than the national average. This is due to the town being located in a rural area, where real estate, groceries, utilities, and transportation costs are generally lower than what one might find in a larger city or metropolitan area. The median home price in Ely is around $164,000 and the median rent is approximately $624 per month. Grocery prices tend to be lower than average as well. All this combined makes Ely an affordable place to live for those looking for an affordable lifestyle.