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September 2024
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Socorro Local Guide

See what Socorro, NM has to offer.

All About

Living in Socorro, NM

Socorro, a small town in New Mexico, has a population of just under 9,000. Young adults (15-24) will fit right in, as they make up an above-average percentage of the community, while middle-aged professionals account for a smaller percentage of the town. At an average age of just under 35, the town's residents skew younger than most cities in New Mexico. Home ownership is more common than renting in the area, and 37% of residents rent. With a relatively low average rent of $614/month in the town, renting remains an affordable option, particularly compared to other cities in New Mexico. Each month, renters in Socorro will save around $261 compared to the state average.

With an average commute time of about 14 minutes, quicker than most cities in New Mexico, Socorro residents have found that it isn't overly time-consuming to travel to work. Many residents (29%) commute to work by car or truck, while public transportation is not used much. A small percentage of residents (3%) walk to work, though the number surpasses the national average.

Among Socorro residents over the age of 25, 13% have earned a Bachelor's, Master's, Professional, or Doctoral degree. Education is the most common industry in Socorro, making up 12% of the population. With an average annual income of just over $48,000, Socorro workers bring in about $13,000 less than the average New Mexico resident. Socorro's average income also trails the national average ($73,345).