Cost of Living: Stamford, CT vs Socorro, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Stamford | Socorro |
|---|---|---|
| Housing Index | 125.0 | 95.0 |
| Median Home Price | $471,000 | $209,000 |
| Average Rent (2 BR Apartment) | $2400 | $1200 |
| Average Rent (2 BR House) | $2450 | $1300 |
Housing Comparison: Stamford vs Socorro
- In Stamford, the median home price is higher at $471,000, while in Socorro it is $209,000.
- Renting a two-bedroom apartment costs more in Stamford at $2,400 than in Socorro 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 | Stamford | Socorro |
|---|---|---|
| Electricity Price | $26 | $14.44 |
| Natural Gas Price | $Data is updating | $Data is updating |
| Other Utilities | $280 | $200 |
Utilities Comparison: Stamford vs Socorro
- Electricity costs are higher in Stamford at $26 per kWh, compared to $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Stamford at an average of $280, compared to Socorro with $200.