Cost of Living: Sioux falls, SD vs Socorro, TX
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sioux falls | Socorro |
|---|---|---|
| Housing Index | 92 | 98.2 |
| Median Home Price | $273,000 | $154,500 |
| Average Rent (2 BR Apartment) | $1090 | $1300 |
| Average Rent (2 BR House) | $1184 | $1413 |
Housing Comparison: Sioux falls vs Socorro
- In Sioux falls, the median home price is higher at $273,000, while in Socorro it is $154,500.
- In Socorro, the rental for a two-bedroom apartment stands at $1,300, while it is $1,090 in Sioux falls.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Sioux falls | Socorro |
|---|---|---|
| Electricity Price | $14.15 | $14.47 |
| Natural Gas Price | $10.63 | $26.29 |
| Other Utilities | $238 | $235 |
Utilities Comparison: Sioux falls vs Socorro
- Socorro has higher electricity costs at $14.47 per kWh, versus $14.15 in Sioux falls.
- Socorro experiences higher natural gas costs at $26.29 per unit, with costs at $10.63 in Sioux falls.
- Other utility costs are higher in Sioux falls at an average of $238, compared to Socorro with $235.