Socorro, New Mexico vs. Rio Rancho, New Mexico

Cost of Living Comparison

The cost of living in Rio Rancho, New Mexico is 28.1% more expensive than Socorro, New Mexico.

You would need a salary of $64,033 in Rio Rancho, New Mexico to maintain the standard of living you have in Socorro, New Mexico.
Comparison highlights
• Overall, Rio Rancho, New Mexico is more expensive than Socorro, New Mexico
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
96% more expensive in Rio Rancho
than in Socorro, New Mexico
Socorro, NM vs. Rio Rancho, NM
Compared to Socorro, Rio Rancho is:
  Homeowner
      No Child Care, Taxes not Considered
  28.1% higher
      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
  3.2% higher
  Housing (Homeowner)
  43.0% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  7.1% lower
  Commute
  48.1% higher
  Health
  6.3% lower
  Taxes
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  Childcare
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  Personal
  12.9% higher
Cost of Food
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