Albuquerque, New Mexico vs. Socorro, New Mexico

Cost of Living Comparison

The cost of living in Socorro, New Mexico is 19.2% cheaper than Albuquerque, New Mexico.

You would need a salary of $58,203 in Socorro, New Mexico to maintain the standard of living you have in Albuquerque, New Mexico.
Comparison highlights
• Overall, Socorro, New Mexico is cheaper than Albuquerque, New Mexico
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
48% cheaper in Socorro
than in Albuquerque, New Mexico
Albuquerque, NM vs. Socorro, NM
Compared to Albuquerque, Socorro is:
  Homeowner
      No Child Care, Taxes not Considered
  19.2% lower
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Renter
      No Child Care, Taxes not Considered
      Child Care, Taxes not Considered
      Child Care, Taxes Considered
      No Child Care, Taxes Considered
  Food
  3.7% lower
  Housing (Homeowner)
  35.2% lower
  Housing (Rent)
  Median Home Cost
  Utilities
  10.3% higher
  Commute
  24.7% lower
  Health
  7.1% higher
  Taxes
  Childcare
  Personal
  5.9% lower

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