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 88, which is 0.9x 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 93.
The standard of living in Socorro ranks as #77 most affordable out of the 419 places we measured in Texas. By definition, that implies Socorro ranks as the #342 most expensive place in the Lone Star State.
For more reading on life in Socorro, check out:
Socorro Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in Socorro. Here is how it fares on each of the criteria:
The Services index in Socorro is 99.
The Groceries index in Socorro is 99.
The Health index in Socorro is 60.
The Housing index in Socorro is 98.
The Transportation index in Socorro is 103.
The Utilities index in Socorro is 99.
| Living Expense | Socorro | Texas | National Average |
|---|---|---|---|
| Overall | 88 | 93 | 100 |
| Services | 99 | 100 | 100 |
| Groceries | 99 | 99 | 100 |
| Health | 60 | 81 | 100 |
| Housing | 98 | 97 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 99 | 100 | 100 |
Socorro Cost Of Living Compared To Texas Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Texas, check out:
Protect your home budget Compare home warranties in Socorro Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Socorro is $208,215.
The Median Rent in Socorro is $1,032.
The Median Income in Socorro is $54,744.
The Home Value To Income in Socorro is 3.8x.
The Rent To Monthly Income in Socorro is 0.23x.
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
Socorro SnackAbility
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 95, 1.1x Socorro.
Chaparral, NM has a cost of living index of 90, 1.0x Socorro.
Sunland Park, NM has a cost of living index of 93, 1.1x Socorro.
| City | Population | Cost Of Living | Vs. Socorro |
|---|---|---|---|
| El Paso, TX | 680,130 | 95 | 1.1x |
| Chaparral, NM | 18,186 | 90 | 1.0x |
| Sunland Park, NM | 17,463 | 93 | 1.1x |
| Fort Bliss, TX | 11,460 | 113 | 1.3x |
| Anthony, NM | 8,767 | 87 | 1.0x |
| Homestead Meadows South, TX | 6,660 | 84 | 1.0x |
| Santa Teresa, NM | 6,041 | 101 | 1.1x |
| Homestead Meadows North, TX | 5,795 | 90 | 1.0x |
