Cost of Living: Amarillo, TX vs Socorro, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Amarillo | Socorro |
|---|---|---|
| Housing Index | 90.0 | 95.0 |
| Median Home Price | $208,000 | $209,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1280 | $1300 |
Housing Comparison: Amarillo vs Socorro
- The median home price in Socorro is higher at $209,000, compared to $208,000 in Amarillo.
- The rent for a two-bedroom apartment is equal in both Amarillo and Socorro 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 | Amarillo | Socorro |
|---|---|---|
| Electricity Price | $14.47 | $14.44 |
| Natural Gas Price | $26.29 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Amarillo vs Socorro
- Electricity costs are higher in Amarillo at $14.47 per kWh, compared to $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Amarillo at an average of $250, compared to Socorro with $200.