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Cost of Living in Socorro, NM

69.8
Very Affordable · National average is 100

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$42,622
Median Income
$708/mo
Median Rent
$149,200
Median Home
8,605
Population

Cost Breakdown

🏠Housing
76.5
0Nat'l Avg (100)200
🛒Groceries
66.6
0Nat'l Avg (100)200
🚗Transportation
64.7
0Nat'l Avg (100)200
🏥Healthcare
69.8
0Nat'l Avg (100)200
Utilities
69.4
0Nat'l Avg (100)200

Fair Market Rents (HUD)

Some values estimated
Studio1 BR2 BR3 BR4 BR
$552
est.
$623
est.
$708$906
est.
$1,034
est.

Est. values are derived from the census median rent using national HUD bedroom ratios. Actual HUD Fair Market Rents may differ.

Nearby Cities

Compare Socorro with cities in the area