Cost of Living: Socorro, TX vs Maricopa, AZ
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Maricopa |
|---|---|---|
| Housing Index | 98.2 | 103.7 |
| Median Home Price | $154,500 | $374,000 |
| Average Rent (2 BR Apartment) | $1300 | $1815 |
| Average Rent (2 BR House) | $1413 | $1973 |
Housing Comparison: Socorro vs Maricopa
- The median home price in Maricopa is higher at $374,000, compared to $154,500 in Socorro.
- In Maricopa, the rental for a two-bedroom apartment stands at $1,815, while it is $1,300 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 | Maricopa |
|---|---|---|
| Electricity Price | $14.47 | $15.14 |
| Natural Gas Price | $26.29 | $23.51 |
| Other Utilities | $235 | $236 |
Utilities Comparison: Socorro vs Maricopa
- Maricopa has higher electricity costs at $15.14 per kWh, versus $14.47 in Socorro.
- Natural gas is more expensive in Socorro at $26.29 per unit, while it is cheaper at $23.51 in Maricopa.
- Maricopa has higher utility expenses, averaging $236, while Socorro averages $235.