Cost of Living: Fernley, NV vs Socorro, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Fernley | Socorro |
|---|---|---|
| Housing Index | 90.0 | 95.0 |
| Median Home Price | $385,000 | $209,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1350 | $1300 |
Housing Comparison: Fernley vs Socorro
- In Fernley, the median home price is higher at $385,000, while in Socorro it is $209,000.
- The rent for a two-bedroom apartment is equal in both Fernley 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 | Fernley | Socorro |
|---|---|---|
| Electricity Price | $15.5 | $14.44 |
| Natural Gas Price | $20.66 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Fernley vs Socorro
- Electricity costs are higher in Fernley at $15.5 per kWh, compared to $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Fernley at an average of $250, compared to Socorro with $200.