New Mexico · Census place 73540
Socorro city, NM
Quick answer
Socorro city has 8,540 residents, ranking #29 of 527 places in New Mexico. Median household income is $51,343, the median home is worth $162,400 and median gross rent runs $675 a month.
- Population
- 8,540Socorro city residents
- Median household income
- $51,343Past 12 months, inflation adjusted
- Median home value
- $162,400Owner-occupied units
- Median gross rent
- $675Rent plus utilities, monthly
- Median age
- 36.4 yrsAll residents
- Homeownership rate
- 60%Owner-occupied households
What the numbers mean in Socorro city
Housing cost measured against local earnings.
A household earning the Socorro city median would spend about 15.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 24.9% of residents and 60% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Mexico.
- Bernalillo town 9,068
- Anthony city 8,701
- Corrales village 8,557
- Shiprock CDP 8,339
- Ruidoso village 7,701
- Belen city 7,427
- Bloomfield city 7,391
Keep going
More New Mexico coverage.