Cost of Living: Socorro, TX vs Woodward, OK
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Woodward |
|---|---|---|
| Housing Index | Data is updating | 80.0 |
| Median Home Price | $154,500 | $190,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1200 |
| Average Rent (2 BR House) | $Data is updating | $1280 |
Housing Comparison: Socorro vs Woodward
- The median home price in Woodward is higher at $190,000, compared to $154,500 in Socorro.
- The rent for a two-bedroom apartment is equal in both Socorro and Woodward 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 | Woodward |
|---|---|---|
| Electricity Price | $14.47 | $12.37 |
| Natural Gas Price | $26.29 | $20.27 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Socorro vs Woodward
- Electricity costs are higher in Socorro at $14.47 per kWh, compared to $12.37 in Woodward.
- Natural gas is more expensive in Socorro at $26.29 per unit, while it is cheaper at $20.27 in Woodward.
- Utility expenses are equal in both Socorro and Woodward averaging $0.0.