Cost of Living: Henderson, TX vs Socorro, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Henderson | Socorro |
|---|---|---|
| Housing Index | 85.0 | 95.0 |
| Median Home Price | $173,000 | $209,000 |
| Average Rent (2 BR Apartment) | $800 | $1200 |
| Average Rent (2 BR House) | $825 | $1300 |
Housing Comparison: Henderson vs Socorro
- The median home price in Socorro is higher at $209,000, compared to $173,000 in Henderson.
- Renting a two-bedroom apartment costs more in Henderson at $800 than in 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 | Henderson | Socorro |
|---|---|---|
| Electricity Price | $14.47 | $14.44 |
| Natural Gas Price | $26.29 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Henderson vs Socorro
- Electricity costs are higher in Henderson at $14.47 per kWh, compared to $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Henderson at an average of $250, compared to Socorro with $200.