Cost of Living Calculator - Richmond, Indiana vs Socorro, New Mexico


The cost of living in Socorro, New Mexico is 10.7% more expensive than Richmond, Indiana.

You would need a salary of $83,032 in Socorro, New Mexico to maintain the standard of living you have in Richmond, Indiana.
Comparison highlights
• Overall, Socorro, New Mexico is more expensive than Richmond, Indiana
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
24% more expensive in Socorro
than in Richmond, Indiana
Richmond, IN vs Socorro, NM
Compared to Richmond, Socorro is:
  Homeowner
      No Child Care, Taxes not Considered
  10.7% higher
      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
  1.7% higher
  Housing (Homeowner)
  53.6% higher
  Housing (Rent)
  Median Home Cost
  Utilities
  12.4% higher
  Commute
  10.7% higher
  Health
  11.2% lower
  Taxes
  Childcare
  Personal
  4.8% higher

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