Cost of Living: Socorro, NM vs Schenectady, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Schenectady |
|---|---|---|
| Housing Index | 93.8 | 118.8 |
| Median Home Price | $209,000 | $247,000 |
| Average Rent (2 BR Apartment) | $1486 | $1166 |
| Average Rent (2 BR House) | $1615 | $1268 |
Housing Comparison: Socorro vs Schenectady
- The median home price in Schenectady is higher at $247,000, compared to $209,000 in Socorro.
- Renting a two-bedroom apartment costs more in Socorro at $1,486 than in Schenectady at $1,166.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Socorro | Schenectady |
|---|---|---|
| Electricity Price | $14.44 | $26.08 |
| Natural Gas Price | $Data is updating | $18.13 |
| Other Utilities | $212 | $259 |
Utilities Comparison: Socorro vs Schenectady
- Schenectady has higher electricity costs at $26.08 per kWh, versus $14.44 in Socorro.
- Natural gas price data is currently unavailable.
- Schenectady has higher utility expenses, averaging $259, while Socorro averages $212.