Cost of Living: Socorro, TX vs Rockford, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Socorro | Rockford |
|---|---|---|
| Housing Index | 98.2 | 101.8 |
| Median Home Price | $154,500 | $156,000 |
| Average Rent (2 BR Apartment) | $1300 | $1707 |
| Average Rent (2 BR House) | $1413 | $1855 |
Housing Comparison: Socorro vs Rockford
- The median home price in Rockford is higher at $156,000, compared to $154,500 in Socorro.
- In Rockford, the rental for a two-bedroom apartment stands at $1,707, 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 | Rockford |
|---|---|---|
| Electricity Price | $14.47 | $16.15 |
| Natural Gas Price | $26.29 | $16.59 |
| Other Utilities | $235 | $244 |
Utilities Comparison: Socorro vs Rockford
- Rockford has higher electricity costs at $16.15 per kWh, versus $14.47 in Socorro.
- Natural gas is more expensive in Socorro at $26.29 per unit, while it is cheaper at $16.59 in Rockford.
- Rockford has higher utility expenses, averaging $244, while Socorro averages $235.