Cost of Living: Socorro, NM vs Lynn, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Lynn |
|---|---|---|
| Housing Index | 95.0 | 125.0 |
| Median Home Price | $209,000 | $476,800 |
| Average Rent (2 BR Apartment) | $1200 | $2400 |
| Average Rent (2 BR House) | $1300 | $2496 |
Housing Comparison: Socorro vs Lynn
- The median home price in Lynn is higher at $476,800, compared to $209,000 in Socorro.
- In Lynn, the rental for a two-bedroom apartment stands at $2,400, 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 | Lynn |
|---|---|---|
| Electricity Price | $14.44 | $28.15 |
| Natural Gas Price | $Data is updating | $21.62 |
| Other Utilities | $200 | $280 |
Utilities Comparison: Socorro vs Lynn
- Lynn has higher electricity costs at $28.15 per kWh, versus $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Lynn has higher utility expenses, averaging $280, while Socorro averages $200.