Here's what it costs to live in Socorro, Texas, based on the latest US government data. Renters pay a median of $1,036 per month, while the typical home is valued around $131,200. Households earn a median of $52,100 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$52,100
Annual · Census ACS
Median Gross Rent
$1,036
Per month · Census ACS
Median Home Value
$131,200
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
6.25%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
36,237
Latest estimate
Median Age
34.4 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Socorro?
The cost of living index for Socorro is not yet available in our database.
What is the median rent in Socorro?
The median gross rent in Socorro is $1,036 per month according to US Census ACS data.
What is the median household income in Socorro?
The median household income in Socorro is $52,100 per year.
What is the median home value in Socorro?
The median home value in Socorro is $131,200 based on the latest Census ACS survey.
How is the air quality in Socorro?
Air quality data for Socorro is not yet available.
What are the taxes like in Socorro?
Texas has no state income tax on wages and a statewide sales tax of 6.25% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology