Cost of Living: Rutherford, NJ vs Socorro, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Rutherford | Socorro |
|---|---|---|
| Housing Index | Data is updating | 95.0 |
| Median Home Price | $467,000 | $209,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1300 |
Housing Comparison: Rutherford vs Socorro
- In Rutherford, the median home price is higher at $467,000, while in Socorro it is $209,000.
- The rent for a two-bedroom apartment is equal in both Rutherford 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 | Rutherford | Socorro |
|---|---|---|
| Electricity Price | $19.88 | $14.44 |
| Natural Gas Price | $14.01 | $Data is updating |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Rutherford vs Socorro
- Electricity costs are higher in Rutherford at $19.88 per kWh, compared to $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Rutherford and Socorro averaging $0.0.