Cost of Living: Loretto, TN vs Socorro, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Loretto | Socorro |
|---|---|---|
| Housing Index | Data is updating | 95.0 |
| Median Home Price | $200,000 | $209,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1300 |
Housing Comparison: Loretto vs Socorro
- The median home price in Socorro is higher at $209,000, compared to $200,000 in Loretto.
- The rent for a two-bedroom apartment is equal in both Loretto and Socorro at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Loretto | Socorro |
|---|---|---|
| Electricity Price | $12.57 | $14.44 |
| Natural Gas Price | $12.35 | $Data is updating |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Loretto vs Socorro
- Socorro has higher electricity costs at $14.44 per kWh, versus $12.57 in Loretto.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Loretto and Socorro averaging $0.0.