Cost of Living Calculator - Minneapolis, Minnesota vs Socorro, New Mexico


The cost of living in Socorro, New Mexico is 30.1% cheaper than Minneapolis, Minnesota.

You would need a salary of $34,952 in Socorro, New Mexico to maintain the standard of living you have in Minneapolis, Minnesota.
Comparison highlights
• Overall, Socorro, New Mexico is cheaper than Minneapolis, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
46% cheaper in Socorro
than in Minneapolis, Minnesota
Minneapolis, MN vs Socorro, NM
Compared to Minneapolis, Socorro is:
  Homeowner
      No Child Care, Taxes not Considered
  30.1% 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
  8.7% lower
  Housing (Homeowner)
  51.3% lower
  Housing (Rent)
  Median Home Cost
  Utilities
  7.5% higher
  Commute
  38.0% lower
  Health
  12.8% higher
  Taxes
  Childcare
  Personal
  15.5% lower

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