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SOCORRO vs. GRANTS
Cost of Living Comparison
Comparison
Food
Housing
Utilities
Commute
Health
Taxes
Childcare
Personal
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Socorro, New Mexico vs. Grants, New Mexico
Cost of Living Comparison
The cost of living in Grants, New Mexico is
4.0%
cheaper
than Socorro, New Mexico.
You would need a salary of
$48,025
in Grants, New Mexico to maintain the standard of living you have in Socorro, New Mexico.
Comparison highlights
• Overall, Grants, New Mexico is
cheaper
than Socorro, New Mexico
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
21% cheaper in Grants
than in Socorro, New Mexico
Socorro, NM vs. Grants, NM
Compared to Socorro, Grants is:
Homeowner
No Child Care, Taxes not Considered
4.0% 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
2.1% lower
Housing (Homeowner)
27.9% lower
Housing (Rent)
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Median Home Cost
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Utilities
8.0% lower
Commute
0.4% higher
Health
0.7% lower
Taxes
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Childcare
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Personal
1.2% higher
Cost of Food
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