Cost of Living: Newton, MA vs Socorro, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Newton | Socorro |
|---|---|---|
| Housing Index | 140.0 | 95.0 |
| Median Home Price | $1,449,000 | $209,000 |
| Average Rent (2 BR Apartment) | $3100 | $1200 |
| Average Rent (2 BR House) | $3200 | $1300 |
Housing Comparison: Newton vs Socorro
- In Newton, the median home price is higher at $1,449,000, while in Socorro it is $209,000.
- Renting a two-bedroom apartment costs more in Newton at $3,100 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 | Newton | Socorro |
|---|---|---|
| Electricity Price | $28.15 | $14.44 |
| Natural Gas Price | $21.62 | $Data is updating |
| Other Utilities | $250 | $200 |
Utilities Comparison: Newton vs Socorro
- Electricity costs are higher in Newton at $28.15 per kWh, compared to $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Newton at an average of $250, compared to Socorro with $200.