According to the most recent data on the cost of living, Socorro has an overall cost of living index of 84 which is 0.8x lower than the national index of 100.
Compared to only New Mexico, Socorro has a cost of living index that's 0.9x lower than New Mexico's index of 92.
The standard of living in Socorro ranks as #629 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Socorro ranks as the #5,789 most expensive place in the Land of Enchantment.
|Living Expense||Socorro||New Mexico||National Average|
Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
|City||Population||Cost Of Living||Vs. Socorro|