Cost of Living: Socorro, NM vs Anderson, SC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Anderson |
|---|---|---|
| Housing Index | 95.0 | 90.0 |
| Median Home Price | $209,000 | $222,500 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1280 |
Housing Comparison: Socorro vs Anderson
- The median home price in Anderson is higher at $222,500, compared to $209,000 in Socorro.
- The rent for a two-bedroom apartment is equal in both Socorro and Anderson 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 | Socorro | Anderson |
|---|---|---|
| Electricity Price | $14.44 | $14.18 |
| Natural Gas Price | $Data is updating | $23.51 |
| Other Utilities | $200 | $200 |
Utilities Comparison: Socorro vs Anderson
- Electricity costs are higher in Socorro at $14.44 per kWh, compared to $14.18 in Anderson.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Socorro and Anderson averaging $200.