Cold Springs, NV vs Ely, NV

The cost of living difference between Cold Springs, NV and Ely, NV is dramatic. Ely is 59.8% cheaper than Cold Springs, a gap that translates to thousands of dollars per year in household expenses. Cold Springs has a cost index of 125 while Ely sits at 78, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cold Springs is $1,854/month compared to $900/month in Ely — a 106% difference. Home values follow the same pattern: Ely is more affordable at $201,500 median vs $417,800.

Median household income in Cold Springs is $82,450 compared to $86,389 in Ely (-4.6%). Ely offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cold Springs spend roughly 27% of their income on rent, more than the 12.5% in Ely.

Climate-wise, Cold Springs is notably warmer with an average of 55°F compared to 46.1°F in Ely. Ely receives more rainfall at 9.4" per year compared to 7.4" in Cold Springs.