Living in Socorro, New Mexico
Cost of living, income, home prices, rent and demographics of Socorro · Census data 2020–2024
Socorro has 8,481 residents with a median age of 29.6. The median household income is $39,375 (39% lower than the New Mexico median), the median home value is $152,900, the median rent is $711/month.
Socorro at a glance
- Population
- 8,481
- Median age
- 29.6State: 39.4
- Median household income
- $39,375State: $64,059
- Median home value
- $152,900State: $248,100
- Median rent
- $711/moState: $1,067
- Homeowners
- 57.3%
- Bachelor's degree or higher
- 25.1%
- Average commute
- 11 min
Is Socorro a good place to live?
Pros: Home values 38% lower than the state median; an average commute of 11 minutes; unemployment of 2.1%.
Cons: Median household income 39% lower than the New Mexico median; a poverty rate of 32.6%.
The weather is best in April–May and September–October.
Cost of living in Socorro
Housing is the biggest part of the cost of living. In Socorro the median home value is $152,900, 54% lower than the U.S. median. Renters pay a median of $711 per month, which is 32.2% of household income. Homeowners with a mortgage pay $1,334 a month in housing costs.
Socorro median household income
The median household income in Socorro is $39,375 and the income per person is $21,933. 32.6% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Socorro: homes for sale and rent
- Housing units
- 3,145
- Owner-occupied
- 57.3%
- Renter-occupied
- 42.7%
- Vacant
- 27.2%Includes seasonal homes
- Median year built
- 1978
- Average household size
- 3.43
Socorro demographics
- Population
- 8,481
- Median age
- 29.6
- Under 18
- 21.9%
- 65 and older
- 17.8%
- Households
- 2,289
- Foreign-born
- 5.9%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Socorro ›
Education in Socorro
25.1% of adults 25 and older in Socorro have a bachelor's degree or higher (New Mexico: 31%), and 12.6% have a graduate or professional degree.
Jobs and commute in Socorro
- Unemployment rate
- 2.1%State: 6%
- Average commute
- 11 minState: 24 min
- Work from home
- 9.1%
- Drive alone
- 72.1%
- Public transit
- 0%
- Walk to work
- 12%
- Homes with broadband
- 64.6%
Socorro vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Socorro | 8,481 | $39,375 | $152,900 | $711 |
| Lemitar | 316 | $93,902 | — | — |
| Polvadera | 1,033 | $27,158 | $123,700 | — |
| Veguita | 157 | $11,354 | — | — |
| Casa Colorada | 351 | $47,310 | $235,400 | — |
More for people moving to Socorro
Socorro ZIP code ›Weather and climate ›Living in Socorro: FAQ
What is the median household income in Socorro, NM?
The median household income in Socorro is $39,375, 39% lower than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Socorro?
The median home value in Socorro is $152,900, compared with $248,100 in New Mexico.
How much is rent in Socorro?
The median gross rent in Socorro is $711 per month, about 32.2% of household income.
Is Socorro, NM a good place to live?
Pluses: home values 38% lower than the state median; an average commute of 11 minutes; unemployment of 2.1%. Minuses: median household income 39% lower than the New Mexico median; a poverty rate of 32.6%.
What is the median age in Socorro?
The median age in Socorro is 29.6 years (New Mexico: 39.4).
How long is the commute in Socorro?
The average commute to work in Socorro is 11 minutes; 9.1% of workers work from home.
What is the unemployment rate in Socorro?
The unemployment rate in Socorro is 2.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Socorro?
25.1% of adults in Socorro have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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