Ely, NV vs Silver Springs, NV

There is a significant gap in the cost of living between these two cities. Ely is 16% cheaper than Silver Springs. With a cost index of 78 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ely to Silver Springs should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ely is $900/month compared to $1,291/month in Silver Springs — a 30% difference. Home values follow the same pattern: Ely is more affordable at $201,500 median vs $238,100.

Median household income in Ely is $86,389 compared to $53,105 in Silver Springs (+62.7%). 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 Ely spend roughly 12.5% of their income on rent, less than the 29.2% in Silver Springs.

Climate-wise, Silver Springs is notably warmer with an average of 53.7°F compared to 46.1°F in Ely. Ely receives more rainfall at 9.4" per year compared to 4.9" in Silver Springs.