Cost of Living: Socorro, NM vs Fredericksburg, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Fredericksburg |
|---|---|---|
| Housing Index | 95.0 | 110.0 |
| Median Home Price | $209,000 | $408,000 |
| Average Rent (2 BR Apartment) | $1200 | $1800 |
| Average Rent (2 BR House) | $1300 | $1880 |
Housing Comparison: Socorro vs Fredericksburg
- The median home price in Fredericksburg is higher at $408,000, compared to $209,000 in Socorro.
- In Fredericksburg, the rental for a two-bedroom apartment stands at $1,800, 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 | Fredericksburg |
|---|---|---|
| Electricity Price | $14.44 | $14.47 |
| Natural Gas Price | $Data is updating | $26.29 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Socorro vs Fredericksburg
- Fredericksburg has higher electricity costs at $14.47 per kWh, versus $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Fredericksburg has higher utility expenses, averaging $250, while Socorro averages $200.