The median household income in Socorro, NM in 2022 was $43,350, which was 37.8% less than the median annual income of $59,726 across the entire state of New Mexico. Compared to the median income of $22,530 in 2000 this represents an increase of 48.0%. The per capita income in 2022 was $25,882, which means an increase of 48.8% compared to 2000 when it was $13,250.
Whole page based on the data from 2000 / 2022 when the population of Socorro, New Mexico was 8,877 / 8,609
Income statistics for all residents
Median household income in Socorro, NM in 2022:
Socorro:
$43,351
State:
$59,726
Change in median household income between 2000 and 2022:
Socorro, New Mexico:
+92.4%
State:
+75.0%
Number of households with income < $10k:
Socorro:
6.7% (187)
New Mexico:
7.4% (62,451)
Number of households with income $10k - 20k:
Socorro:
19.0% (531)
New Mexico:
9.5% (80,886)
Number of households with income $20k - 30k:
Socorro:
10.1% (281)
State:
8.9% (75,578)
Number of households with income $30k - 40k:
Socorro:
12.7% (353)
State:
9.1% (77,319)
Number of households with income $40k - 50k:
Socorro:
5.7% (158)
State:
8.0% (67,979)
Number of households with income $50k - 60k:
Socorro:
7.8% (217)
State:
7.2% (61,477)
Number of households with income $60k - 75k:
Socorro:
5.7% (159)
State:
9.1% (77,047)
Number of households with income $75k - 100k:
Socorro:
9.3% (259)
State:
12.5% (106,292)
Number of households with income $100k - 125k:
Socorro:
6.2% (173)
State:
9.3% (79,200)
Number of households with income $125k - 150k:
Socorro:
6.0% (166)
State:
6.2% (52,769)
Number of households with income $150k - 200k:
Socorro:
6.7% (188)
New Mexico:
6.4% (54,020)
Number of households with income > $200k:
Socorro:
4.2% (117)
State:
6.3% (53,200)
Aggregate household income in Socorro in 2022: $187,620,877
Median family income in Socorro in 2022:
Socorro:
$62,379
State:
$74,341
Number of families with income < $10k:
Socorro:
0.4% (7)
State:
4.5% (23,191)
Number of families with income $10k - 20k:
Socorro:
7.7% (121)
New Mexico:
5.6% (28,861)
Number of families with income $20k - 30k:
Socorro:
10.3% (163)
State:
6.8% (35,308)
Number of families with income $30k - 40k:
Socorro:
13.0% (204)
State:
8.4% (43,204)
Number of families with income $40k - 50k:
Socorro:
9.9% (156)
New Mexico:
8.2% (42,398)
Number of families with income $50k - 60k:
Socorro:
7.6% (119)
New Mexico:
7.2% (37,358)
Number of families with income $60k - 75k:
Socorro:
6.9% (108)
State:
9.7% (50,331)
Number of families with income $75k - 100k:
Socorro:
11.7% (184)
New Mexico:
14.1% (72,803)
Number of families with income $100k - 125k:
Socorro:
7.4% (117)
State:
10.7% (55,058)
Number of families with income $125k - 150k:
Socorro:
7.9% (124)
New Mexico:
7.9% (40,847)
Number of families with income $150k - 200k:
Socorro:
11.9% (187)
New Mexico:
8.5% (44,144)
Number of families with income > $200k:
Socorro:
5.4% (85)
State:
8.3% (42,961)
Median non-family income in Socorro in 2022:
Socorro:
$19,987
New Mexico:
$36,532
Change in median non-family income between 2000 and 2022:
Socorro, New Mexico:
+78.5%
State:
+67.6%
Median per capita income in Socorro in 2022:
Socorro:
$25,882
State:
$33,916
Change in median per capita income between 2000 and 2022:
Socorro, New Mexico:
+95.3%
State:
+96.5%
Income statistics for White residents
Median household income in Socorro, NM in 2022:
Socorro:
$54,824
State:
$66,903
Change in median household income between 2000 and 2022:
Socorro, New Mexico:
+105.6%
State:
+80.9%
Number of households with income < $10k:
Socorro:
6.3% (99)
New Mexico:
6.7% (30,275)
Number of households with income $10k - 20k:
Socorro:
16.1% (255)
State:
8.1% (36,636)
Number of households with income $20k - 30k:
Socorro:
6.6% (104)
State:
7.6% (34,662)
Number of households with income $30k - 40k:
Socorro:
12.1% (191)
New Mexico:
8.5% (38,487)
Number of households with income $40k - 50k:
Socorro:
5.9% (94)
State:
7.9% (35,775)
Number of households with income $50k - 60k:
Socorro:
6.1% (96)
State:
6.5% (29,590)
Number of households with income $60k - 75k:
Socorro:
6.9% (109)
State:
9.4% (42,749)
Number of households with income $75k - 100k:
Socorro:
11.3% (178)
State:
12.1% (54,752)
Number of households with income $100k - 125k:
Socorro:
8.0% (126)
State:
10.5% (47,619)
Number of households with income $125k - 150k:
Socorro:
8.9% (140)
State:
7.1% (32,441)
Number of households with income $150k - 200k:
Socorro:
5.4% (86)
New Mexico:
7.6% (34,408)
Number of households with income > $200k:
Socorro:
6.5% (103)
State:
8.0% (36,335)
Aggregate household income in Socorro in 2022: $123,768,848
Median family income in Socorro in 2022:
Socorro:
$83,681
State:
$86,441
Number of families with income < $10k:
Socorro:
0.4% (4)
State:
3.2% (8,287)
Number of families with income $10k - 20k:
Socorro:
7.3% (61)
New Mexico:
3.8% (9,892)
Number of families with income $20k - 30k:
Socorro:
4.6% (38)
State:
4.9% (12,813)
Number of families with income $30k - 40k:
Socorro:
12.0% (100)
State:
7.9% (20,670)
Number of families with income $40k - 50k:
Socorro:
6.7% (56)
New Mexico:
7.4% (19,396)
Number of families with income $50k - 60k:
Socorro:
5.2% (44)
State:
6.0% (15,747)
Number of families with income $60k - 75k:
Socorro:
8.4% (70)
State:
10.0% (26,136)
Number of families with income $75k - 100k:
Socorro:
14.6% (123)
New Mexico:
13.6% (35,677)
Number of families with income $100k - 125k:
Socorro:
9.3% (78)
State:
11.9% (31,166)
Number of families with income $125k - 150k:
Socorro:
12.2% (102)
New Mexico:
9.4% (24,562)
Number of families with income $150k - 200k:
Socorro:
10.4% (87)
State:
10.8% (28,256)
Number of families with income > $200k:
Socorro:
8.9% (74)
New Mexico:
11.1% (29,014)
Median non-family income in Socorro in 2022:
Socorro:
$31,520
New Mexico:
$41,946
Change in median non-family income between 2000 and 2022:
Socorro, New Mexico:
+132.3%
State:
+80.4%
Median per capita income in Socorro in 2022:
Socorro:
$31,826
State:
$42,438
Change in median per capita income between 2000 and 2022:
Socorro, New Mexico:
+108.4%
State:
+109.0%
Income statistics for Black or African American residents
Number of households with income < $10k:
Socorro:
0.0% (0)
New Mexico:
6.7% (1,186)
Number of households with income $10k - 20k:
Socorro:
0.0% (0)
State:
8.5% (1,505)
Number of households with income $20k - 30k:
Socorro:
100.0% (88)
State:
14.3% (2,518)
Number of households with income $30k - 40k:
Socorro:
0.0% (0)
New Mexico:
12.3% (2,169)
Number of households with income $40k - 50k:
Socorro:
0.0% (0)
State:
5.1% (901)
Number of households with income $50k - 60k:
Socorro:
0.0% (0)
State:
8.4% (1,487)
Number of households with income $60k - 75k:
Socorro:
0.0% (0)
New Mexico:
9.4% (1,648)
Number of households with income $75k - 100k:
Socorro:
0.0% (0)
New Mexico:
11.6% (2,046)
Number of households with income $100k - 125k:
Socorro:
0.0% (0)
State:
9.4% (1,660)
Number of households with income $125k - 150k:
Socorro:
0.0% (0)
State:
3.6% (630)
Number of households with income $150k - 200k:
Socorro:
0.0% (0)
New Mexico:
6.3% (1,113)
Number of households with income > $200k:
Socorro:
0.0% (0)
New Mexico:
4.3% (749)
Aggregate household income in Socorro in 2022: $1,396,182
Median per capita income in Socorro in 2022:
Socorro:
$23,245
New Mexico:
$32,123
Income statistics for Asian residents
Median household income in Socorro, NM in 2022:
Socorro:
$165,312
New Mexico:
$77,107
Number of households with income < $10k:
Socorro:
0.0% (0)
New Mexico:
6.9% (867)
Number of households with income $10k - 20k:
Socorro:
15.2% (16)
State:
7.5% (942)
Number of households with income $20k - 30k:
Socorro:
5.7% (6)
State:
8.0% (1,007)
Number of households with income $30k - 40k:
Socorro:
4.8% (5)
State:
5.9% (746)
Number of households with income $40k - 50k:
Socorro:
1.9% (2)
New Mexico:
6.2% (777)
Number of households with income $50k - 60k:
Socorro:
2.9% (3)
State:
3.4% (422)
Number of households with income $60k - 75k:
Socorro:
0.0% (0)
State:
9.7% (1,224)
Number of households with income $75k - 100k:
Socorro:
5.7% (6)
New Mexico:
10.0% (1,259)
Number of households with income $100k - 125k:
Socorro:
0.0% (0)
New Mexico:
8.6% (1,076)
Number of households with income $125k - 150k:
Socorro:
0.0% (0)
State:
3.7% (466)
Number of households with income $150k - 200k:
Socorro:
63.8% (67)
New Mexico:
8.2% (1,030)
Number of households with income > $200k:
Socorro:
0.0% (0)
New Mexico:
22.0% (2,766)
Aggregate household income in Socorro in 2022: $17,446,794
Median family income in Socorro in 2022:
Socorro:
$210,811
State:
$114,513
Number of families with income $50k - 60k:
Socorro:
6.8% (6)
State:
2.0% (158)
Number of families with income $150k - 200k:
Socorro:
93.2% (87)
State:
15.6% (1,232)
Median per capita income in Socorro in 2022:
Socorro:
$59,946
New Mexico:
$50,238
Income statistics for Hispanic or Latino residents
Median household income in Socorro, NM in 2022:
Socorro:
$25,928
State:
$52,568
Change in median household income between 2000 and 2022:
Socorro, New Mexico:
+16.6%
State:
+84.9%
Number of households with income < $10k:
Socorro:
14.4% (172)
State:
7.7% (28,825)
Number of households with income $10k - 20k:
Socorro:
29.0% (346)
State:
11.3% (42,162)
Number of households with income $20k - 30k:
Socorro:
10.5% (125)
State:
10.3% (38,397)
Number of households with income $30k - 40k:
Socorro:
7.6% (91)
State:
10.0% (37,425)
Number of households with income $40k - 50k:
Socorro:
9.0% (108)
New Mexico:
8.8% (32,925)
Number of households with income $50k - 60k:
Socorro:
6.9% (82)
State:
8.2% (30,606)
Number of households with income $60k - 75k:
Socorro:
1.6% (19)
New Mexico:
8.6% (32,270)
Number of households with income $75k - 100k:
Socorro:
11.8% (141)
State:
13.3% (49,793)
Number of households with income $100k - 125k:
Socorro:
3.7% (44)
State:
8.1% (30,306)
Number of households with income $125k - 150k:
Socorro:
4.2% (50)
State:
5.3% (19,926)
Number of households with income $150k - 200k:
Socorro:
1.3% (16)
State:
4.9% (18,186)
Number of households with income > $200k:
Socorro:
0.0% (0)
State:
3.6% (13,321)
Aggregate household income in Socorro in 2022: $48,463,081
Median family income in Socorro in 2022:
Socorro:
$48,731
New Mexico:
$61,248
Number of families with income < $10k:
Socorro:
1.2% (7)
New Mexico:
5.3% (12,979)
Number of families with income $10k - 20k:
Socorro:
15.1% (92)
State:
7.5% (18,298)
Number of families with income $20k - 30k:
Socorro:
14.2% (86)
New Mexico:
8.9% (21,661)
Number of families with income $30k - 40k:
Socorro:
5.7% (35)
New Mexico:
9.3% (22,776)
Number of families with income $40k - 50k:
Socorro:
19.7% (120)
New Mexico:
10.0% (24,418)
Number of families with income $50k - 60k:
Socorro:
8.9% (54)
State:
8.1% (19,722)
Number of families with income $60k - 75k:
Socorro:
3.3% (20)
New Mexico:
9.5% (23,251)
Number of families with income $75k - 100k:
Socorro:
18.4% (112)
State:
14.4% (35,090)
Number of families with income $100k - 125k:
Socorro:
6.8% (41)
State:
9.8% (23,976)
Number of families with income $125k - 150k:
Socorro:
4.2% (25)
New Mexico:
6.8% (16,727)
Number of families with income $150k - 200k:
Socorro:
2.5% (15)
New Mexico:
5.8% (14,187)
Median non-family income in Socorro in 2022:
Socorro:
$11,492
State:
$31,429
Change in median non-family income between 2000 and 2022:
Socorro, New Mexico:
+25.4%
New Mexico:
+86.7%
Median per capita income in Socorro in 2022:
Socorro:
$17,538
State:
$25,400
Change in median per capita income between 2000 and 2022:
Socorro, New Mexico:
+61.7%
State:
+110.9%
Income statistics for American Indian and Alaska Native residents
Number of households with income < $10k:
Socorro:
0.0% (0)
State:
12.8% (7,750)
Number of households with income $10k - 20k:
Socorro:
0.0% (0)
State:
14.0% (8,481)
Number of households with income $20k - 30k:
Socorro:
0.0% (0)
State:
9.4% (5,714)
Number of households with income $30k - 40k:
Socorro:
100.0% (93)
State:
10.2% (6,190)
Number of households with income $40k - 50k:
Socorro:
0.0% (0)
New Mexico:
7.8% (4,765)
Number of households with income $50k - 60k:
Socorro:
0.0% (0)
State:
8.6% (5,205)
Number of households with income $60k - 75k:
Socorro:
0.0% (0)
New Mexico:
8.3% (5,073)
Number of households with income $75k - 100k:
Socorro:
0.0% (0)
New Mexico:
11.3% (6,847)
Number of households with income $100k - 125k:
Socorro:
0.0% (0)
New Mexico:
7.4% (4,504)
Number of households with income $125k - 150k:
Socorro:
0.0% (0)
New Mexico:
4.3% (2,588)
Number of households with income $150k - 200k:
Socorro:
0.0% (0)
New Mexico:
3.5% (2,146)
Number of households with income > $200k:
Socorro:
0.0% (0)
New Mexico:
2.5% (1,505)
Aggregate household income in Socorro in 2022: $5,536,688
Median per capita income in Socorro in 2022:
Socorro:
$11,091
State:
$20,119
Change in median per capita income between 2000 and 2022:
Socorro, New Mexico:
+14.8%
New Mexico:
+131.8%
Income statistics for Multirace residents
Median household income in Socorro, NM in 2022:
Socorro:
$20,069
State:
$56,942
Change in median household income between 2000 and 2022:
Socorro, New Mexico:
+111.3%
State:
+94.8%
Number of households with income < $10k:
Socorro:
4.8% (31)
State:
6.5% (12,332)
Number of households with income $10k - 20k:
Socorro:
42.7% (275)
New Mexico:
10.6% (19,977)
Number of households with income $20k - 30k:
Socorro:
9.8% (63)
New Mexico:
10.3% (19,459)
Number of households with income $30k - 40k:
Socorro:
2.3% (15)
State:
8.8% (16,721)
Number of households with income $40k - 50k:
Socorro:
10.9% (70)
State:
7.4% (14,003)
Number of households with income $50k - 60k:
Socorro:
17.2% (111)
New Mexico:
9.0% (16,994)
Number of households with income $60k - 75k:
Socorro:
3.9% (25)
New Mexico:
8.9% (16,866)
Number of households with income $75k - 100k:
Socorro:
3.1% (20)
State:
13.5% (25,577)
Number of households with income $100k - 125k:
Socorro:
4.0% (26)
State:
8.9% (16,792)
Number of households with income $125k - 150k:
Socorro:
1.2% (8)
State:
5.6% (10,584)
Number of households with income $150k - 200k:
Socorro:
0.0% (0)
New Mexico:
5.7% (10,849)
Number of households with income > $200k:
Socorro:
0.0% (0)
State:
4.8% (9,158)
Aggregate household income in Socorro in 2022: $23,664,670
Median family income in Socorro in 2022:
Socorro:
$46,886
New Mexico:
$69,202
Number of families with income $10k - 20k:
Socorro:
14.7% (53)
State:
6.3% (7,632)
Number of families with income $20k - 30k:
Socorro:
11.5% (41)
State:
8.5% (10,234)
Number of families with income $40k - 50k:
Socorro:
40.8% (147)
State:
8.3% (10,022)
Number of families with income $50k - 60k:
Socorro:
14.4% (52)
State:
9.1% (10,898)
Number of families with income $60k - 75k:
Socorro:
2.9% (11)
State:
9.8% (11,800)
Number of families with income $75k - 100k:
Socorro:
5.9% (21)
State:
16.2% (19,484)
Number of families with income $100k - 125k:
Socorro:
7.6% (27)
New Mexico:
10.5% (12,660)
Number of families with income $125k - 150k:
Socorro:
2.2% (8)
New Mexico:
6.9% (8,295)
Median non-family income in Socorro in 2022:
Socorro:
$11,287
State:
$31,862
Median per capita income in Socorro in 2022:
Socorro:
$13,806
State:
$28,327
Change in median per capita income between 2000 and 2022:
Socorro, New Mexico:
+112.6%
State:
+141.7%
Income statistics for other residents
Median household income in Socorro, NM in 2022:
Socorro:
$30,600
State:
$46,171
Number of households with income < $10k:
Socorro:
28.8% (62)
New Mexico:
8.9% (10,041)
Number of households with income $10k - 20k:
Socorro:
3.3% (7)
New Mexico:
11.6% (13,195)
Number of households with income $20k - 30k:
Socorro:
16.3% (35)
New Mexico:
10.7% (12,163)
Number of households with income $30k - 40k:
Socorro:
14.0% (30)
New Mexico:
11.4% (12,903)
Number of households with income $40k - 50k:
Socorro:
0.0% (0)
New Mexico:
10.3% (11,698)
Number of households with income $50k - 60k:
Socorro:
11.2% (24)
State:
6.8% (7,753)
Number of households with income $60k - 75k:
Socorro:
6.0% (13)
State:
8.4% (9,473)
Number of households with income $75k - 100k:
Socorro:
7.9% (17)
New Mexico:
13.7% (15,509)
Number of households with income $100k - 125k:
Socorro:
5.6% (12)
State:
6.6% (7,461)
Number of households with income $125k - 150k:
Socorro:
0.0% (0)
State:
5.3% (6,039)
Number of households with income $150k - 200k:
Socorro:
7.0% (15)
New Mexico:
3.9% (4,404)
Number of households with income > $200k:
Socorro:
0.0% (0)
New Mexico:
2.4% (2,687)
Aggregate household income in Socorro in 2022: $10,310,273
Median family income in Socorro in 2022:
Socorro:
$66,974
State:
$56,709
Number of families with income < $10k:
Socorro:
2.9% (3)
New Mexico:
5.8% (4,399)
Number of families with income $20k - 30k:
Socorro:
11.7% (11)
New Mexico:
9.6% (7,269)
Number of families with income $50k - 60k:
Socorro:
27.0% (25)
New Mexico:
7.1% (5,371)
Number of families with income $60k - 75k:
Socorro:
17.2% (16)
State:
9.4% (7,169)
Number of families with income $75k - 100k:
Socorro:
17.7% (17)
New Mexico:
14.7% (11,181)
Number of families with income $100k - 125k:
Socorro:
7.8% (7)
New Mexico:
8.8% (6,703)
Number of families with income $150k - 200k:
Socorro:
15.6% (15)
State:
4.4% (3,356)
Median per capita income in Socorro in 2022:
Socorro:
$19,425
State:
$23,871
Change in median per capita income between 2000 and 2022:
Socorro, New Mexico:
+104.7%
State:
+110.4%
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