Pros and Cons of Living In Socorro, New Mexico. Is Socorro, NM a Nice Place To Live or Retire?

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Socorro, New Mexico

Moving to Socorro In New Mexico ? Is Socorro, NM a Nice Place To Live? Pros and Cons of Living in Socorro, New Mexico. Find out the best and worst about to live, raise a family or retire in Socorro.

DEMOGRAPHICS

Population
8406
Unemployment
2.9%
38% NAT AVG.
Poverty
25.7%
84% NAT AVG.
Cost Of Living
84
16% NAT AVG.

ECONOMICS

Median Home Cost
$135700
41% NAT AVG.
Median Income
$43337
36% NAT AVG.
Median Rent
$688
41% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
474
142% NAT. AVG.
57% STATE AVG.
Violent Crime
59
82% NAT. AVG.
9% STATE AVG.
Property Crime
415
153% NAT. AVG.
75% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 34
People Earning < $10,000
1 in 10
People Earning < $50,000
55.3%
People With Any Degree
1 in 2.8

ETHNICITY

Ethnicity Socorro USA
White 37.2% 60.1%
African American 1.4% 12.2%
American Indian 5.5% 0.6%
Asian 4% 5.6%
Hawaiian 0% 0.2%
Multiracial 3.7% 2.8%
Hispanic 48.1% 18.2%
Other 0% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Socorro USA
Less than $10,000 10.2% 5.8%
$10,000 to $14,999 9.3% 4.1%
$15,000 to $24,999 10.4% 8.5%
$25,000 to $34,999 12.4% 8.6%
$35,000 to $49,999 13% 12.0%
$50,000 to $74,999 15.4% 17.2%
$75,000 to $99,999 8.3% 12.8%
$100,000 to $149,999 14% 15.6%
$150,000 to $199,999 4.7% 7.1%

EDUCATION

Education Socorro USA
< 9th Grade 8% 5.0%
9-12th Grade 6% 7.0%
High School or GED 29% 27.0%
Other College 21% 20.0%
Associate's Degree 7% 9%
Bachelor's Degree 13% 20.0%
Master's Degree 7% 9.0%
Professional Degree 0% 2.0%
Doctorate Degree 9% 1.0%
Socorro is a city in New Mexico state in USA with a population of 8406 residents.. The poverty rate of Socorro is 25.7%, which is 84% higher than national average. The typical household in Socorro earns $43337 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 10 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 55.3% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Socorro remained 2.9%, which is 38% lower than national rate.

Cost of living in Socorro is 84, which is 16% lower than national average. In Socorro, only 29% of adults have a bachelor's degree and 28% have some college but no degree. Median home value in Socorro is $135700 , which is 41% lower than national average. While median income in Socorro remained $43337, which is 36% lower than national average.
Socorro Scorecard

Jobs70%

Housing50%

Affordability70%

Safety70%

Amenities70%

Diversity95%

Education70%

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