Socorro, TX Cost Of Living
Cost Of Living In Socorro, TX Summary
Cost of living in Socorro research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Socorro is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Socorro is 85, with 100 being the average.
The cost of living index in Socorro is 0.8x lower than the national average.
Socorro ranks as the #68 cheapest in Texas out of 414.
Socorro ranks as the #511 cheapest out of 6,489 in the US.
The median home value in Socorro is $204,004.
The median income in Socorro is $52,100.
Table Of Contents
Socorro's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Socorro, TX?
According to the most recent data on the cost of living, Socorro has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Texas, Socorro has a cost of living index that's 0.9x lower than Texas's index of 92.
The standard of living in Socorro ranks as #68 most affordable out of the 414 places we measured in Texas. By definition, that implies Socorro ranks as the #346 most expensive place in the Lone Star State.
For more reading on life in Socorro, check out:
In Texas
In America
Socorro Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Socorro. Here is how it fairs on each of the criteria:
The Services index in Socorro is 95.
The Groceries index in Socorro is 94.
The Health index in Socorro is 90.
The Housing index in Socorro is 61.
The Transportation index in Socorro is 101.
The Utilities index in Socorro is 86.
| Living Expense | Socorro | Texas | National Average | |
|---|---|---|---|---|
| Overall | 85 | 92 | 100 | |
| Services | 95 | 97 | 100 | |
| Groceries | 94 | 97 | 100 | |
| Health | 90 | 93 | 100 | |
| Housing | 61 | 82 | 100 | |
| Transportation | 101 | 94 | 100 | |
| Utilities | 86 | 104 | 100 | |
Socorro, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Socorro is $204,004.
The Median Rent in Socorro is $1,036.
The Median Income in Socorro is $52,100.
The Home Value To Income in Socorro is 3.9x.
The Rent To Monthly Income in Socorro is 0.24x.
Median Home Value
Median Rent
Median Income
Socorro, TX Costs By Category
Detailed Socorro Services Costs Vs. Texas
Detailed Socorro Groceries Costs Vs. Texas
Detailed Socorro Health Costs Vs. Texas
Detailed Socorro Transportation Costs Vs. Texas
Detailed Socorro Utilities Costs Vs. Texas
Socorro SnackAbility
/10
Cost Of Living In Cities Around Socorro
The cost of living varies in the cities and towns around Socorro. Here's a quick look at the cost of living in the most populous nearby places:
El Paso, TX has a cost of living index of 90, 1.1x Socorro.
Sunland Park, NM has a cost of living index of 86, 1.0x Socorro.
Chaparral, NM has a cost of living index of 81, 1.0x Socorro.
| City | Population | Cost Of Living | Vs. Socorro |
|---|---|---|---|
| El Paso, TX | 678,147 | 90 | 1.1x |
| Sunland Park, NM | 17,085 | 86 | 1.0x |
| Chaparral, NM | 16,642 | 81 | 1.0x |
| Fort Bliss, TX | 12,009 | 111 | 1.3x |
| Anthony, NM | 8,701 | 81 | 1.0x |
| Homestead Meadows South, TX | 7,687 | 82 | 1.0x |
| Homestead Meadows North, TX | 5,987 | 87 | 1.0x |
| Santa Teresa, NM | 5,973 | 95 | 1.1x |
