Socorro, NM
Population 8,540 · New Mexico
About Socorro, NM
Socorro is a small community in New Mexico with a population of 8,540 residents. The median household income is $51,343 per year, which is near the national average. The median age in Socorro is 36.4 years.
Housing in Socorro has a median home value of $162,400 and median monthly rent of $675. Of the 3,679 total housing units, the majority are owner-occupied, with 1,610 owner-occupied and 1,074 renter-occupied units.
The unemployment rate in Socorro is 0.7% and the poverty rate is 24.9%. 28.0% of residents hold a bachelor's degree or higher. The average commute time is 11 minutes.
How Socorro Ranks in New Mexico
Cost of Living in Socorro, NM
Compared to national averages, Socorro has a median household income of $51,343 (32% below the national median of $75,149). Home values average $162,400, which is 34% below the national median. Monthly rent at $675 is 42% below the US average of $1,163. Within New Mexico, Socorro's income is 24% below the state average of $67,435, and home values are 31% below the state median of $233,762.
Why Live in Socorro, NM?
Socorro offers affordable housing with a median home value of $162,400, below the US average of $244,900, and rent that’s lower than the national average at $675/month, and a strong job market with an unemployment rate of just 0.7%. Additionally, the city features short commute times averaging just 11 minutes.
Potential considerations include median household income ($51,343) that falls below the national average. However, Socorro’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Socorro has a population of 8,540 with a median age of 36.4 years. Compare Socorro with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Socorro
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Corrales | 8,557 | $114,207 | $549,700 | Compare |
| Anthony | 8,701 | $33,141 | $110,800 | Compare |
| Shiprock | 8,339 | $41,563 | $101,500 | Compare |
| Bernalillo | 9,068 | $61,624 | $237,100 | Compare |
| Grants | 9,106 | $49,286 | $123,600 | Compare |
| Ruidoso | 7,701 | $50,259 | $229,100 | Compare |
| Silver City | 9,574 | $39,025 | $160,900 | Compare |
| Belen | 7,427 | $40,354 | $154,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Socorro
What is the population of Socorro, NM?
The population of Socorro, NM is 8,540 according to the latest Census data.
What is the median household income in Socorro?
The median household income in Socorro, NM is $51,343 per year.
What is the median home value in Socorro?
The median home value in Socorro, NM is $162,400.
What is the average rent in Socorro?
The median monthly rent in Socorro, NM is $675.
What is the unemployment rate in Socorro?
The unemployment rate in Socorro, NM is 0.7%.