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MINNEAPOLIS vs. SOCORRO
Cost of Living Comparison
Comparison
Food
Housing
Utilities
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Taxes
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Personal
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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
$52,429
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
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Child Care, Taxes Considered
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No Child Care,
Taxes Considered
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Renter
No Child Care, Taxes not Considered
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Child Care
, Taxes not Considered
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Child Care, Taxes Considered
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No Child Care,
Taxes Considered
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Food
8.7% lower
Housing (Homeowner)
51.3% lower
Housing (Rent)
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Median Home Cost
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Utilities
7.5% higher
Commute
38.0% lower
Health
12.8% higher
Taxes
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Childcare
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Personal
15.5% lower
Cost of Food
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