Cost of Living: Rio rancho, NM vs Durham, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Rio rancho | Durham |
|---|---|---|
| Housing Index | 90.0 | 95.0 |
| Median Home Price | $331,000 | $334,000 |
| Average Rent (2 BR Apartment) | $1300 | $1500 |
| Average Rent (2 BR House) | $1400 | $1600 |
Housing Comparison: Rio rancho vs Durham
- The median home price in Durham is higher at $334,000, compared to $331,000 in Rio rancho.
- In Durham, the rental for a two-bedroom apartment stands at $1,500, while it is $1,300 in Rio rancho.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Rio rancho | Durham |
|---|---|---|
| Electricity Price | $14.44 | $13.72 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $250 | $250 |
Utilities Comparison: Rio rancho vs Durham
- Electricity costs are higher in Rio rancho at $14.44 per kWh, compared to $13.72 in Durham.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Rio rancho and Durham averaging $250.