Cost of Living: Socorro, NM vs Wahpeton, ND
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Wahpeton |
|---|---|---|
| Housing Index | 95.0 | 85.0 |
| Median Home Price | $209,000 | $202,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1300 | $1280 |
Housing Comparison: Socorro vs Wahpeton
- In Socorro, the median home price is higher at $209,000, while in Wahpeton it is $202,000.
- The rent for a two-bedroom apartment is equal in both Socorro and Wahpeton 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 | Wahpeton |
|---|---|---|
| Electricity Price | $14.44 | $13.65 |
| Natural Gas Price | $Data is updating | $10.8 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Socorro vs Wahpeton
- Electricity costs are higher in Socorro at $14.44 per kWh, compared to $13.65 in Wahpeton.
- Natural gas price data is currently unavailable.
- Wahpeton has higher utility expenses, averaging $250, while Socorro averages $200.