Cost of living in Socorro County, NM
Population 16,308 · Last updated May 21, 2026
Cost breakdown
Single person, by category, per month.
Rent in Socorro County
Fair Market Rents by bedroom count.
Source: HUD FMR FY2025
Income and earnings in Socorro County
Annual earnings figures from the Census ACS.
Source: ACS 2019-2023 5-Year.
Home values in Socorro County
Average values reported by homeowners.
Source: ACS 2019-2023 5-Year
Energy costs in Socorro County
Estimated monthly electricity and gas costs.
Source: EIA
Healthcare in Socorro County
Insurance premiums and coverage rates.
Source: ACS + national avg. Marketplace benchmark premiums are second-lowest Silver plan estimates and do not reflect employer plans, subsidies, or out-of-pocket costs. This is not healthcare advice.
Taxes in Socorro County
State and local tax rates for New Mexico.
Tax rates change. Consult a qualified tax professional for advice on your specific situation. This is not tax advice.
Transportation in Socorro County
Commute patterns and estimated costs.
Source: ACS
Monthly cost estimates for Socorro County
What it costs to live in Socorro County each month.
- Rent $764
- Energy $130
- Water $60
- Groceries $326
- Transport $250
- Healthcare $480
- Federal tax $305
- State tax $94
- Rent $933
- Energy $156
- Water $70
- Groceries $540
- Transport $350
- Healthcare $864
- Federal tax $456
- State tax $171
- Rent $1,307
- Energy $195
- Water $85
- Groceries $820
- Transport $450
- Healthcare $1,350
- Childcare $1,200
- Federal tax $456
- State tax $171
Frequently asked questions about Socorro County
Common questions about cost of living, rent and salary.
What is the average rent in Socorro County?
In Socorro County, NM, a one-bedroom apartment averages $764 per month, a two-bedroom averages $933 per month, a three-bedroom averages $1,307 per month, according to HUD Fair Market Rent data.
What is the average salary in Socorro County?
In Socorro County, NM, the average household income is $47,556 per year and individual earnings for full-time workers average $28,710 per year, according to U.S. Census Bureau data.
What is the cost of living in Socorro County?
The estimated cost of living in Socorro County, NM is approximately $2,409 per month for a single person, $3,540 for a couple, $6,034 for a family. This includes rent, utilities, groceries, transportation, healthcare, and taxes.
What is the sales tax rate in Socorro County?
The combined sales tax rate in Socorro County, NM is 7.72%, which includes the New Mexico state rate of 5.00% plus an average local rate of 2.72%.
Is Socorro County an affordable place to live?
Based on the data, a single person in Socorro County, NM would need approximately $2,409 per month to cover rent, utilities, food, transport, healthcare, and taxes. The average household income is $47,556 per year ($3,963 per month). Socorro County has a moderate cost of living relative to local earnings.
How much does healthcare cost in Socorro County?
The ACA marketplace benchmark premium in Socorro County, NM is approximately $480 per month for an individual. Approximately 8.2% of residents are uninsured. Actual costs vary based on employer coverage, plan type, and individual circumstances.
What are house prices in Socorro County?
The average home value in Socorro County, NM is $143,200, with average annual property taxes of $792, according to U.S. Census Bureau data.
How does Socorro County compare to other areas?
You can compare Socorro County, NM with any other US county using our comparison tool at /compare. Socorro County is in New Mexico.
Other counties in New Mexico
Browse the full list of counties in New Mexico, ranked by cost of living.
See all counties in New MexicoCompare Socorro County with another area
Put two counties side by side to see how rent, taxes and everyday costs stack up.
About this data
All figures on this page come from official U.S. government sources, listed below.
- HUD FMR FY2025
- ACS 2019-2023 5-Year
- EIA
- ACS + national avg
- ACS
- USDA + BEA RPP