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Socorro, NM&

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Population
8,843
-0.62% decline
Median Age
31
Median Household Income
$33,359
1.15% growth
Poverty Rate
30.2%
Number of Employees
2,982
3.72% growth
Median Property Value
$99,500
0.3% growth

About the photo: Very Large Array (VLA) interferometer near Magdalena, NM

Economy

The economy of Socorro, NM employs 2,982 people. The economy of Socorro, NM is specialized in Mining, Quarrying, Oil, Gas Extraction; Educational Services; and Accommodation & Food Service, which employ respectively 3.46; 2.96; and 2.22 times more people than what would be expected in a location of this size. The largest industries in Socorro, NM are Educational Services (830), Accommodation & Food Service (531), and Healthcare & Social Assistance (479), and the highest paying industries are Professional, Scientific, Tech Services ($49,375), Finance & Insurance ($40,536), and Educational Services ($24,212).

Median household income in Socorro, NM is $33,359. Males in Socorro, NM have an average income that is 1.35 times higher than the average income of females, which is $31,080. The income inequality of Socorro, NM (measured using the Gini index) is 0.441 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Socorro, NM. In Socorro County, NM the age groups most likely to have health care coverage are 6-17 and 6-17, men and women, respectively. The location has a 1 to 52 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $6,920. McKinley County, NM has the highest prevalence of homicides of any county in New Mexico.

Coverage

Clinician to Patient Ratios

Showing data across all counties in New Mexico.

Insurance Coverage by Age and Gender

Medicare Enrollment and Reimbursements by Location

Trends in Medicare Enrollment and Reimbursements

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Heart Disease and Pneumonia

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Diversity

Socorro, NM is home to a population of 8,843 people, from which 95.6% are citizens. The ethnic composition of the population of Socorro, NM is composed of 5,021 Hispanic residents (56.8%), 3,216 White residents (36.4%), 344 Native residents (3.89%), 117 Asian residents (1.32%), and 88 Black residents (1%). The most common foreign languages in Socorro, NM are Spanish (2,922 speakers), Navajo (248 speakers), and French (81 speakers), but compared to other places, Socorro, NM has a relative high number of Navajo (248 speakers), Persian (53 speakers), and Spanish (2,922 speakers).

Age

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Heritage

Global Diversity

Citizenship

Race & Ethnicity

Non-English Speakers

Military

Veterans

Education

In 2015 universities in Socorro, NM awarded 363 degrees. The student population of Socorro, NM is skewed away from females, with 242 male students and 121 female students. Most students in Socorro, NM are White (212 and 58.4%), followed by Hispanic or Latino (79 and 21.8%), Two or more races (9 and 2.48%), and Asian (9 and 2.48%). The largest universities in Socorro, NM by number of graduates are New Mexico Institute of Mining and Technology (363 and 100%), N/A (N/A and N/A), and N/A (N/A and N/A). The most popular majors in Socorro, NM are Mechanical Engineering (58 and 16%), Petroleum Engineering (40 and 11%), and Computer Science (18 and 4.96%). The median tuition costs in Socorro, NM are N/A for private four year colleges, and $5,563 and $18,087 respectively, for public four year colleges for in-state students and out-of-state students.

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Universities

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Student Race & Ethnicity

Housing & Living

The median property value in Socorro, NM is $99,500, which is 0.51 times smaller than the national average of $194,500. Between 2014 and 2015 the median property value increased from $99,200 to $99,500, a 0.3% increase. The homeownership rate of Socorro, NM is 59.8%, which is lower than the national average of 63.9%. People in Socorro, NM have an average commute time of 12.4 minutes, and they commute by Drove Alone. Car ownership in Socorro, NM is lower than the national average, with an average of 1 car per household.

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