Cost of Living in Socorro, NM
Overall index: 67 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 47 | -53% | $473 |
| Transportation | 94 | -6% | $3.50 |
| Food | 69 | -31% | $283 |
| Utilities | 74 | -26% | $85 |
| Healthcare | 74 | -26% | $61 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Socorro?
A single adult living comfortably in Socorro, NM needs approximately $23,450 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Socorro, NM?
The overall cost of living in Socorro, NM is 33% lower than the US national average (index: 67 where 100 = national average).
How much is rent in Socorro, NM?
Average rent for a 1-bedroom apartment in Socorro, NM is about $473/month.
Is Socorro, NM expensive to live in?
No, Socorro, NM is affordable (below national average).
What salary do I need to live in Socorro, NM?
A single adult needs roughly $23,450/year to cover basic living costs in Socorro, NM.