Cost of Living in Socorro County, NM

Modeled annual cost: $47,107.

Median family income: $59,010.

NM Median $46,328

Socorro County, NM Affordability at a glance

Median Income

$59,010

Estimated Annual Costs

$47,107

Cost/Income Ratio

79.8%

State Rank

#14Most expensive counties in NM out of 33See New Mexico county rankings

Location Type

Not Metropolitan

Biggest category:

Transport is the biggest expense in Socorro County, NM.

$14,419 per year.*30.61% of total modeled yearly costs.

Cost breakdown

Total

$47,107

Per year

  • Transport:
    $14,41930.6%
  • Taxes:
    $8,69518.5%
  • Healthcare:
    $8,28117.6%
  • Housing:
    $8,13617.3%
  • Food:
    $3,8548.2%
  • Other Costs:
    $3,7237.9%

* Percentages may not add up to 100% due to rounding.

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See how Socorro County, NM compares across the country.

Explore our cost of living interactive map to compare Socorro County, NM with multiple counties in the United States.

How WatchPennies calculates salary needed