Socorro, NM

Census Place

2024 Population

8,481

US Senator

Martin Heinrich

Democratic Party

US Senator

Ben Ray Luján

Democratic Party

2024 Median Age

29.6

18.7% 1-year decrease

2024 Poverty Rate

32.6%

30.9% 1-year increase

2024 Median Household Income

$39,375

23.3% 1-year decline

2024 Median Property Value

$152,900

Population & Diversity

Socorro, NM is home to a population of 8.48k people, from which 96.2% are citizens.

As of 2024, 5.9% of Socorro, NM residents were born outside of the country (500 people).

In 2024, there were 1.05 times more Two Races Including Other (Hispanic) residents (2.46k people) in Socorro, NM than any other race or ethnicity. There were 2.34k White (Non-Hispanic) and 1.2k American Indian & Alaska Native (Non-Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

96.2%

2024 Citizenship

95.1%

2023 Citizenship

As of 2024, 96.2% of Socorro, NM residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Socorro, NM was 95.1%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Socorro, NM compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Socorro, NM

Two Races Including Other (Hispanic)
2.46k ± 530
White (Non-Hispanic)
2.34k ± 377
American Indian & Alaska Native (Non-Hispanic)
1.2k ± 692

48.1%

Hispanic Population

4.08k people

48.1% of the people in Socorro, NM are hispanic (4.08k people).

The following chart shows the 8 races represented in Socorro, NM as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for New Mexico.

Most Common Origin

Mexico
126,568 ± 8,470 people
Philippines
6,950 ± 2,043 people
Germany
4,158 ± 1,582 people

In 2024, the most common birthplace for the foreign-born residents of New Mexico was Mexico, the natal country of 126,568 New Mexico residents, followed by Philippines with 6,950 and Germany with 4,158.

Foreign-Born Population

5.9%

2024 Foreign-Born Population

500 people

7.83%

2023 Foreign-Born Population

669 people

As of 2024, 5.9% of Socorro, NM residents (500 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Socorro, NM was 7.83%, meaning that the rate has been decreasing.

The following chart shows the percentage of foreign-born residents in Socorro, NM compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
153 ± 82
Gulf War (2001-)
55 ± 45
Gulf War (1990s)
33 ± 51

Socorro, NM has a large population of military personnel who served in Vietnam, 2.78 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Socorro, NM.

Economy

The economy of Socorro, NM employs 3k people. In 2024, the largest industries in Socorro, NM were Educational Services (1,073 people), Retail Trade (494 people), and Professional, Scientific, & Technical Services (382 people), and the highest paying industries were Finance & Insurance, & Real Estate & Rental & Leasing ($108,438), Other Services Except Public Administration ($67,222), and Professional, Scientific, & Technical Services ($67,115).

Employment

Occupations

2024 Value

± 575

−15.7%

1 Year decline

± 29.5%

From 2023 to 2024, employment in Socorro, NM declined at a rate of −15.7%, from 3.56k employees to 3k employees.

The most common job groups, by number of people living in Socorro, NM, are Education Instruction, & Library Occupations (559 people), Life, Physical, & Social Science Occupations (412 people), and Sales & Related Occupations (309 people). This chart illustrates the share breakdown of the primary jobs held by residents of Socorro, NM.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for New Mexico.

This chart shows weekly unemployment insurance claims in New Mexico (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

2024 Value

± 575

−15.7%

1 Year decline

± 29.5%

From 2023 to 2024, employment in Socorro, NM declined at a rate of −15.7%, from 3.56k employees to 3k employees.

The most common employment sectors for those who live in Socorro, NM, are Educational Services (1,073 people), Retail Trade (494 people), and Professional, Scientific, & Technical Services (382 people). This chart shows the share breakdown of the primary industries for residents of Socorro, NM, though some of these residents may live in Socorro, NM and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$30,507

Median earning men ± $7,079

$26,401

Median earning women ± $9,044

The industries with the best median earnings for men in 2024 are Professional, Scientific, & Management, & Administrative & Waste Management Services ($76,614), Public Administration ($73,042), and Manufacturing ($53,547).

The industries with the best median earnings for women in 2024 are Manufacturing ($58,229), Public Administration ($56,111), and Finance & Insurance, & Real Estate & Rental & Leasing ($47,000).

Education

The student population of Socorro, NM in 2024 is skewed towards men, with 1,060 male students and 562 female students.

Most students graduating from Universities in Socorro, NM are White (137 and 48.8%), Hispanic or Latino (104 and 37%), American Indian or Alaska Native (11 and 3.91%), and Asian (10 and 3.56%).

The largest universities in Socorro, NM by number of degrees awarded are New Mexico Institute of Mining and Technology (318 and 100%).

The most popular majors in Socorro, NM are Mechanical Engineering (81 and 25.5%), Computer Science (29 and 9.12%), and Electrical & Electronics Engineering (25 and 7.86%).

The median tuition cost for a public four year colleges is $7,894 for in-state students and $25,665 for out-of-state students.

Admissions & Enrollments

Applicants, Admissions & Enrolled

University

Measure

In 2024 in Socorro, NM, the percentage of applicants admitted was 44.5%, while the percentage of admitted who enrolled was 27.1%. The number of students enrolled in 2024 was 1,622 (65.4% men and 34.6% women).

The line chart shows the evolution of the percentage of applicants admitted, admitted who enrolled or the number of students enrolled according to the option selected in the upper button.

Enrollments by Gender and Races

Universities

In 2024 there were 1,622 students enrolled in Socorro, NM, 65.4% men and 34.6% women.

By race, the largest number of students enrolled was concentrated in White with 739 records, of which 34% were women and 66% men.

Completions

Concentrations

Most Common

Mechanical Engineering
65 degrees awarded
Electrical & Electronics Engineering
23 degrees awarded
Computer Science
22 degrees awarded

In 2024, the most common concentation for Bachelors Degree recipients in Socorro, NM was Mechanical Engineering with 65 degrees awarded.

This visualization illustrates the percentage of students graduating with a Bachelors Degree from schools in Socorro, NM according to their major.

Universities

Gender

Race

New Mexico Institute of Mining and Technology

Largest Universities by degrees awarded

318 degrees awarded

In 2024, the institution with the largest number of graduating students was New Mexico Institute of Mining and Technology with 318 degrees awarded.

Student Diversity

University

In 2024, 221 men were awarded degrees from institutions in Socorro, NM, which is 2.28 times more than the 97 female students who received degrees in the same year.

In 2024, the most common race/ethnicity group awarded degrees at institutions was White students. These 137 degrees mean that there were 1.32 times more degrees awarded to White students then the next closest race/ethnicity group, Hispanic or Latino, with 104 degrees awarded.

Awarded Degrees over Time

The graph shows the evolution of awarded degrees by degrees. Under the paragraphs, the average number of awarded degrees by university in each degree is shown.

Tuition

Average Net Price by Sector

Universities

Public, 4-year or above ($7,894) is the sector with the highest median state tuition in 2024.

Public, 4-year or above ($1,582) is the sector with the highest median state fee in 2024.

Public, 4-year or above ($800) is the sector with the highest average net price of books and supplies.

The graph shows the average net price by sector and year.

Housing & Living

The median property value in Socorro, NM was $152,900 in 2024, which is 0.46 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $162,400 to $152,900, a 5.85% decrease. The homeownership rate in Socorro, NM is 57.3%, which is lower than the national average of 65.2%.

People in Socorro, NM have an average commute time of 11.3 minutes, and they drove alone to work. Car ownership in Socorro, NM is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$152,900

Median Property Value 2024

±$26,820

$1,311

Median Property Taxes

±$240

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Socorro, NM the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Socorro, NM compared to it's parent and neighbor geographies.

Rent vs Own

57.3%

Homeownership

2024

64.1%

Homeowners with Mortgage

2024

In 2024, 57.3% of the housing units in Socorro, NM were occupied by their owner. This percentage declined from the previous year's rate of 60%.

This chart shows the percentage of owner in Socorro, NM compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$39,375

Median Household Income

± $15,661

2.29k

Number of Households

± 363

In 2024, the median household income of the 2.29k households in Socorro, NM declined from $39,375 from the previous year's value of $51,343.

The following chart displays the households in Socorro, NM distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $10k - $15k range.

Wage Distribution

The closest comparable wage GINI for Socorro, NM is from New Mexico.

0.46

2024 Wage GINI in New Mexico

0.462

2023 Wage GINI in New Mexico

In 2024, the income inequality in New Mexico was 0.46 according to the GINI calculation of the wage distribution. Income inequality had a 0.506% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for New Mexico was lower than than the national average of 0.474. In other words, wages are distributed more evenly in New Mexico in comparison to the national average.

This chart shows the number of workers in New Mexico across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (72.1%)
Walked (12%)
Worked At Home (9.13%)

In 2024, 72.1% of workers in Socorro, NM drove alone to work, followed by those who walked to work (12%) and those who worked at home (9.13%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

11.3 minutes

Average Travel Time

Using averages, employees in Socorro, NM have a shorter commute time (11.3 minutes) than the normal US worker (26.4 minutes). Additionally, 0.531% of the workforce in Socorro, NM have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Socorro, NM compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Socorro, NM distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Socorro, NM have 2 cars.

Poverty

Poverty & Diversity

32.6% of the population for whom poverty status is determined in Socorro, NM (2.56k out of 7.86k people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Males 12 - 14, followed by Males 18 - 24 and then Females 18 - 24.

The most common racial or ethnic group living below the poverty line in Socorro, NM is Hispanic, followed by Two Or More and White.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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