Socorro, NM
8,481Residents
$39,375Median household income
$711/moMedian gross rent
$152,900Median home value
29.6Median age
25%Adults with a bachelor’s degree or higher
57%Homes lived in by their owners
3.9×Home value to household income
Median rent takes about 22% of the median household income in Socorro.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $28,000 a year. In New Mexico that leaves roughly $1,941 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.