What is the median household income in Socorro, TX?
The median household income in Socorro, TX is $54,744 (±$5,159) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,032 a month would take about $41,300 a year at the common guideline of spending no more than 30% of income on rent.
In Socorro, the median household income went from $38,111 in 2015–2019 to $54,744 in 2020–2024 (+43.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $54,744 (±$5,159)
- Median renter income
- $31,719 (±$9,113)
- Income to afford median rent
- about $41,300
Income in Socorro against El Paso County, its state and the nation
| Socorro | El Paso County | Texas | United States | |
|---|---|---|---|---|
| Median household income | $54,744 (±$5,159) | $59,806 (±$1,141) | $78,476 (±$263) | $80,734 |
| Median renter household income | $31,719 (±$9,113) | $39,575 (±$1,747) | $53,222 (±$285) | $52,966 |
| Median owner household income | $61,662 (±$3,607) | $73,955 (±$1,171) | $100,555 (±$369) | $100,009 |
| Median gross rent | $1,032 (±$114) | $1,079 (±$15) | $1,403 (±$4) | $1,413 |
In Socorro, median household income is not measurably different from El Paso County ($59,806).
It is also lower than in Texas ($78,476).
It is lower than the national figure ($80,734).
In El Paso County, Socorro ranks 6 of 16 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 961 of 1,374.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Socorro
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,032 a month ($12,384 a year) needs an income of about $41,300 a year.
The median renting household in Socorro earns $31,719 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $38,111 (±$2,788) | $54,744 (±$5,159) | +43.6% | Up after inflation |
| Median gross rent | $726 (±$65) | $1,032 (±$114) | +42.1% | Up after inflation |
| Median home value | $93,200 (±$4,492) | $144,500 (±$8,991) | +55.0% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Socorro
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Socorro | — | $54,744 (±$5,159) | — |
| Sparks | 2.6 mi | $34,876 (±$23,151) | Not measurably different |
| Clint | 3.7 mi | $43,977 (±$13,619) | Not measurably different |
| San Elizario | 4.2 mi | $49,977 (±$8,494) | Not measurably different |
| Horizon City | 4.8 mi | $65,737 (±$10,984) | Not measurably different |
| Agua Dulce (community) | 7.2 mi | $47,200 (±$2,245) | Lower |
| Fabens | 11 mi | $42,533 (±$21,001) | Not measurably different |
| Homestead Meadows South | 13 mi | $49,327 (±$23,379) | Not measurably different |
| Homestead Meadows North | 15 mi | $63,088 (±$12,065) | Not measurably different |
Nearby places with a measurably lower figure: Agua Dulce (community), TX ($47,200).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across El Paso County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Vinton | $65,991 (±$12,907) |
| 2 | Horizon City | $65,737 (±$10,984) |
| 3 | Homestead Meadows North | $63,088 (±$12,065) |
| 4 | El Paso | $59,745 (±$1,347) |
| 5 | Fort Bliss | $57,111 (±$4,152) |
| 6 | Socorro | $54,744 (±$5,159) |
| 7 | Anthony | $54,588 (±$8,608) |
| 8 | Tornillo | $50,119 (±$19,282) |
| 9 | San Elizario | $49,977 (±$8,494) |
| 10 | Homestead Meadows South | $49,327 (±$23,379) |
| 11 | Agua Dulce (community) | $47,200 (±$2,245) |
| 12 | Westway | $44,852 (±$27,993) |
Showing 12 of 16 places in El Paso County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Socorro
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Socorro beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Socorro, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Socorro, and send estimates and invoices from your phone.
Questions about Socorro
What is the median household income in Socorro?
The median household income in Socorro is $54,744 (±$5,159) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Socorro?
About $41,300 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,032 a month.
Have incomes in Socorro kept up with inflation?
In Socorro, the median household income went from $38,111 in 2015–2019 to $54,744 in 2020–2024 (+43.6%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in Socorro?
The median renting household in Socorro, TX earns $31,719 (±$9,113) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Socorro city, Texas
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Socorro city, Texas
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Socorro city, Texas
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Socorro city, Texas
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Socorro city, Texas
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Socorro city, Texas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Socorro city, Texas (place:68636, in state:48).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Socorro at a glance
- Median rent in Socorro
- Rent by bedrooms in Socorro
- Rent burden in Socorro
- Renters and owners in Socorro
- Home values in Socorro
- Homeowner costs in Socorro
- Property taxes in Socorro
- Types of homes in Socorro
- Bedrooms in Socorro
- Age of homes in Socorro
- Heating fuel in Socorro
- Commute and cars in Socorro
- Crime reported to police in Socorro
- Population growth in Socorro
- How long people stay in Socorro
- Crowding and facilities in Socorro
- Texas landlord and tenant rules
- Housing across El Paso County
- Texas places ranked by median household income
- Housing data for every place in Texas