Cost of Living: Socorro, NM vs Cedar falls, IA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Cedar falls |
|---|---|---|
| Housing Index | 95.0 | 85.0 |
| Median Home Price | $209,000 | $221,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1300 |
Housing Comparison: Socorro vs Cedar falls
- The median home price in Cedar falls is higher at $221,000, compared to $209,000 in Socorro.
- The rent for a two-bedroom apartment is equal in both Socorro and Cedar falls at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Socorro | Cedar falls |
|---|---|---|
| Electricity Price | $14.44 | $14.82 |
| Natural Gas Price | $Data is updating | $15.61 |
| Other Utilities | $200 | $150 |
Utilities Comparison: Socorro vs Cedar falls
- Cedar falls has higher electricity costs at $14.82 per kWh, versus $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Socorro at an average of $200, compared to Cedar falls with $150.