Cost of Living: Socorro, TX vs Southaven, MS
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Southaven |
|---|---|---|
| Housing Index | Data is updating | 85.5 |
| Median Home Price | $154,500 | $251,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1300 |
| Average Rent (2 BR House) | $Data is updating | $1365 |
Housing Comparison: Socorro vs Southaven
- The median home price in Southaven is higher at $251,000, compared to $154,500 in Socorro.
- The rent for a two-bedroom apartment is equal in both Socorro and Southaven at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Socorro | Southaven |
|---|---|---|
| Electricity Price | $14.47 | $13.42 |
| Natural Gas Price | $26.29 | $22.19 |
| Other Utilities | $Data is updating | $200 |
Utilities Comparison: Socorro vs Southaven
- Electricity costs are higher in Socorro at $14.47 per kWh, compared to $13.42 in Southaven.
- Natural gas is more expensive in Socorro at $26.29 per unit, while it is cheaper at $22.19 in Southaven.
- Utility expenses are equal in both Socorro and Southaven averaging $0.0.