Cost of Living: Raleigh, NC vs Socorro, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Raleigh | Socorro |
|---|---|---|
| Housing Index | 110.0 | Data is updating |
| Median Home Price | $391,000 | $154,500 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Raleigh vs Socorro
- In Raleigh, the median home price is higher at $391,000, while in Socorro it is $154,500.
- The rent for a two-bedroom apartment is equal in both Raleigh 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 | Raleigh | Socorro |
|---|---|---|
| Electricity Price | $13.72 | $14.47 |
| Natural Gas Price | $Data is updating | $26.29 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Raleigh vs Socorro
- Socorro has higher electricity costs at $14.47 per kWh, versus $13.72 in Raleigh.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Raleigh and Socorro averaging $250.