Cost of Living: Socorro, NM vs Boston, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Boston |
|---|---|---|
| Housing Index | 95.0 | 140.0 |
| Median Home Price | $209,000 | $985,000 |
| Average Rent (2 BR Apartment) | $1200 | $3000 |
| Average Rent (2 BR House) | $1300 | $2800 |
Housing Comparison: Socorro vs Boston
- The median home price in Boston is higher at $985,000, compared to $209,000 in Socorro.
- In Boston, the rental for a two-bedroom apartment stands at $3,000, while it is $1,200 in Socorro.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Socorro | Boston |
|---|---|---|
| Electricity Price | $14.44 | $28.15 |
| Natural Gas Price | $Data is updating | $21.62 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Socorro vs Boston
- Boston has higher electricity costs at $28.15 per kWh, versus $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Boston has higher utility expenses, averaging $250, while Socorro averages $200.