Cost of Living: Socorro, NM vs Gibsonburg, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Gibsonburg |
|---|---|---|
| Housing Index | 95.0 | 88.5 |
| Median Home Price | $209,000 | $152,000 |
| Average Rent (2 BR Apartment) | $1200 | $1000 |
| Average Rent (2 BR House) | $1300 | $1045 |
Housing Comparison: Socorro vs Gibsonburg
- In Socorro, the median home price is higher at $209,000, while in Gibsonburg it is $152,000.
- Renting a two-bedroom apartment costs more in Socorro at $1,200 than in Gibsonburg at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Socorro | Gibsonburg |
|---|---|---|
| Electricity Price | $14.44 | $15.92 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $200 | $250 |
Utilities Comparison: Socorro vs Gibsonburg
- Gibsonburg has higher electricity costs at $15.92 per kWh, versus $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Gibsonburg has higher utility expenses, averaging $250, while Socorro averages $200.