Rio Rancho, New Mexico vs. Socorro, New Mexico

Cost of Living Comparison

The cost of living in Socorro, New Mexico is 21.9% cheaper than Rio Rancho, New Mexico.

You would need a salary of $39,043 in Socorro, New Mexico to maintain the standard of living you have in Rio Rancho, New Mexico.
Comparison highlights
• Overall, Socorro, New Mexico is cheaper than Rio Rancho, New Mexico
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
49% cheaper in Socorro
than in Rio Rancho, New Mexico
Rio Rancho, NM vs. Socorro, NM
Compared to Rio Rancho, Socorro is:
  Homeowner
      No Child Care, Taxes not Considered
  21.9% 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
  3.1% lower
  Housing (Homeowner)
  30.1% lower
  Housing (Rent)
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  Median Home Cost
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  Utilities
  7.6% higher
  Commute
  32.5% lower
  Health
  6.7% higher
  Taxes
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  Childcare
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  Personal
  11.4% lower
Cost of Food
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