Cost of Living: Socorro, NM vs Edgewater, FL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Edgewater |
|---|---|---|
| Housing Index | 95.0 | 95.0 |
| Median Home Price | $209,000 | $329,000 |
| Average Rent (2 BR Apartment) | $1200 | $1500 |
| Average Rent (2 BR House) | $1300 | $1600 |
Housing Comparison: Socorro vs Edgewater
- The median home price in Edgewater is higher at $329,000, compared to $209,000 in Socorro.
- In Edgewater, the rental for a two-bedroom apartment stands at $1,500, 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 | Edgewater |
|---|---|---|
| Electricity Price | $14.44 | $13.89 |
| Natural Gas Price | $Data is updating | $26.13 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Socorro vs Edgewater
- Electricity costs are higher in Socorro at $14.44 per kWh, compared to $13.89 in Edgewater.
- Natural gas price data is currently unavailable.
- Edgewater has higher utility expenses, averaging $250, while Socorro averages $200.