Cost of Living: Socorro, NM vs Dover, NJ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Dover |
|---|---|---|
| Housing Index | 95.0 | 120.0 |
| Median Home Price | $209,000 | $325,000 |
| Average Rent (2 BR Apartment) | $1200 | $2100 |
| Average Rent (2 BR House) | $1300 | $2150 |
Housing Comparison: Socorro vs Dover
- The median home price in Dover is higher at $325,000, compared to $209,000 in Socorro.
- In Dover, the rental for a two-bedroom apartment stands at $2,100, 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 | Dover |
|---|---|---|
| Electricity Price | $14.44 | $19.88 |
| Natural Gas Price | $Data is updating | $14.01 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Socorro vs Dover
- Dover has higher electricity costs at $19.88 per kWh, versus $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Dover has higher utility expenses, averaging $250, while Socorro averages $200.