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Socorro, New Mexico

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
8,481
Population
$39,375
Median Income
$152,900
Home Value
29.6
Median Age

Demographics

Socorro has a population of 8,481 with a median age of 29.6. Here is the racial and ethnic breakdown of the population:

Hispanic
48.1%
White
34.4%
Other
13.7%
Asian
3.2%
Black
0.6%
Demographic Value
Total Population8,481
Median Age29.6
White34.4%
Black or African American0.6%
Asian3.2%
Hispanic or Latino48.1%
Other / Two or More Races13.7%
Socorro, New Mexico — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.Hispanic/Latino: 48.1%White: 34.4%Other: 13.7%Asian: 3.2%Other: 0.6%8,481PopulationHispanic/LatinoHispanic/Latino48.1%WhiteWhite34.4%OtherOther13.7%AsianAsian3.2%OtherOther0.6%

Income & Economy

The median household income in Socorro is $39,375, which is 51.2% below the national median of $80,610. The per capita income is $21,933. The poverty rate is 32.6%.

$39,375
Median Household Income
$21,933
Per Capita Income
32.6%
Poverty Rate

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Education

In Socorro, 82.0% of residents age 25+ have a high school diploma or higher, and 25.1% hold a bachelor's degree or higher (12.6% with a graduate or professional degree).

HS Diploma+
82.0%
Bachelor's+
25.1%
Graduate+
12.6%
Education Level % of Adults (25+)
High School Diploma or Higher82.0%
Bachelor's Degree or Higher25.1%
Graduate or Professional Degree12.6%

Housing

The median home value in Socorro is $152,900, below the national median of $303,400. The median monthly rent is $711. The homeownership rate is 57.3%.

$152,900
Median Home Value
$711/mo
Median Rent
57.3%
Homeownership Rate
Housing Metric Value
Median Home Value$152,900
Median Monthly Rent$711
Homeownership Rate57.3%
Vacancy Rate27.2%

Salaries in New Mexico

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Frequently Asked Questions

What is the population of Socorro, New Mexico?
The population of Socorro, New Mexico is 8,481 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Socorro, New Mexico?
The median household income in Socorro, New Mexico is $39,375. This is 51.2% below the national median of $80,610.
What is the median home value in Socorro, New Mexico?
The median home value in Socorro, New Mexico is $152,900. The median monthly rent is $711.
What percentage of people in Socorro have a college degree?
In Socorro, New Mexico, 25.1% of adults age 25 and older hold a bachelor's degree or higher, and 82.0% have a high school diploma or higher.
Is Socorro, New Mexico an affordable place to live?
The home price-to-income ratio in Socorro, New Mexico is 3.9x (median home value $152,900 vs. median income $39,375), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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