Cost of Living: Socorro, NM vs Fort washington, MD
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Fort washington |
|---|---|---|
| Housing Index | 95.0 | 120.5 |
| Median Home Price | $209,000 | $400,000 |
| Average Rent (2 BR Apartment) | $1200 | $1900 |
| Average Rent (2 BR House) | $1300 | $1950 |
Housing Comparison: Socorro vs Fort washington
- The median home price in Fort washington is higher at $400,000, compared to $209,000 in Socorro.
- In Fort washington, the rental for a two-bedroom apartment stands at $1,900, 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 | Fort washington |
|---|---|---|
| Electricity Price | $14.44 | $17.41 |
| Natural Gas Price | $Data is updating | $18.44 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Socorro vs Fort washington
- Fort washington has higher electricity costs at $17.41 per kWh, versus $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Fort washington has higher utility expenses, averaging $250, while Socorro averages $200.