Cost of Living: Rutherford, NJ vs Socorro, NM
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Rutherford | Socorro |
|---|---|---|
| Housing Index | 118.8 | 93.8 |
| Median Home Price | $467,000 | $209,000 |
| Average Rent (2 BR Apartment) | $2262 | $1486 |
| Average Rent (2 BR House) | $2458 | $1615 |
Housing Comparison: Rutherford vs Socorro
- In Rutherford, the median home price is higher at $467,000, while in Socorro it is $209,000.
- Renting a two-bedroom apartment costs more in Rutherford at $2,262 than in Socorro at $1,486.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Rutherford | Socorro |
|---|---|---|
| Electricity Price | $19.88 | $14.44 |
| Natural Gas Price | $14.01 | $Data is updating |
| Other Utilities | $261 | $212 |
Utilities Comparison: Rutherford vs Socorro
- Electricity costs are higher in Rutherford at $19.88 per kWh, compared to $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Rutherford at an average of $261, compared to Socorro with $212.