Cost of Living: Socorro, NM vs Harrah, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Harrah |
|---|---|---|
| Housing Index | 95.0 | 90.0 |
| Median Home Price | $209,000 | $230,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $2000 |
Housing Comparison: Socorro vs Harrah
- The median home price in Harrah is higher at $230,000, compared to $209,000 in Socorro.
- The rent for a two-bedroom apartment is equal in both Socorro and Harrah at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Socorro | Harrah |
|---|---|---|
| Electricity Price | $14.44 | $12.37 |
| Natural Gas Price | $Data is updating | $20.27 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Socorro vs Harrah
- Electricity costs are higher in Socorro at $14.44 per kWh, compared to $12.37 in Harrah.
- Natural gas price data is currently unavailable.
- Harrah has higher utility expenses, averaging $250, while Socorro averages $200.