Cost of Living: Socorro, NM vs Oxford, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Oxford |
|---|---|---|
| Housing Index | 93.8 | 86.8 |
| Median Home Price | $209,000 | $265,000 |
| Average Rent (2 BR Apartment) | $1486 | $916 |
| Average Rent (2 BR House) | $1615 | $996 |
Housing Comparison: Socorro vs Oxford
- The median home price in Oxford is higher at $265,000, compared to $209,000 in Socorro.
- In Oxford, the rental for a two-bedroom apartment stands at $916, while it is $1,486 in Socorro.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Socorro | Oxford |
|---|---|---|
| Electricity Price | $14.44 | $15.03 |
| Natural Gas Price | $Data is updating | $21.76 |
| Other Utilities | $212 | $210 |
Utilities Comparison: Socorro vs Oxford
- Oxford has higher electricity costs at $15.03 per kWh, versus $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Socorro at an average of $212, compared to Oxford with $210.