Ely, NV vs Topaz Ranch Estates, NV

There is a significant gap in the cost of living between these two cities. Ely is 18.7% cheaper than Topaz Ranch Estates. With a cost index of 78 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ely to Topaz Ranch Estates should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ely is $900/month compared to $1,327/month in Topaz Ranch Estates — a 32% difference. Home values follow the same pattern: Ely is more affordable at $201,500 median vs $262,600.

Median household income in Ely is $86,389 compared to $57,794 in Topaz Ranch Estates (+49.5%). 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 27.6% in Topaz Ranch Estates.

Climate-wise, both cities share similar average temperatures (46.1°F vs 44.2°F). Topaz Ranch Estates receives more rainfall at 20.5" per year compared to 9.4" in Ely.