Cost of Living in Socorro, TX
Housing
The housing market plays a significant role in determining the cost of living in Socorro, TX.
- Housing Index: Data is updating
- Median Home Price is: $154,500
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the data for Socorro, TX, we observe a housing index of 0.0. With a median home price of 154500, homeownership may be affordable compared to regions with inflated prices. However, with the average rent for a 2BR apartment and house both at 0.0 and 0.0 respectively being zero, it’s critical to explore rental options further before making a decision. Overall, the low property prices could indicate a growing market, providing a potential investment opportunity in a recovering neighborhood.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Socorro, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Socorro, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Socorro is a financially viable option for your relocation.