Cost of Living: Socorro, NM vs Stearns, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Stearns |
|---|---|---|
| Housing Index | 95.0 | Data is updating |
| Median Home Price | $209,000 | $126,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1300 | $Data is updating |
Housing Comparison: Socorro vs Stearns
- In Socorro, the median home price is higher at $209,000, while in Stearns it is $126,000.
- The rent for a two-bedroom apartment is equal in both Socorro and Stearns 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 | Stearns |
|---|---|---|
| Electricity Price | $14.44 | $12.87 |
| Natural Gas Price | $Data is updating | $22.78 |
| Other Utilities | $200 | $Data is updating |
Utilities Comparison: Socorro vs Stearns
- Electricity costs are higher in Socorro at $14.44 per kWh, compared to $12.87 in Stearns.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Socorro and Stearns averaging $200.