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According to statistics, the population in Socorro, NM amounts to 8,608, which shows decline -2% compared to the previous year. The median age of the city’s residents is 28. The average household income is $33,608, shifting growth 1% from the past year, and the average property value in Socorro, NM decline -4% to $110,200 throughout the year.
|Number Of Employees||3,126|
|Median Property Value||$110,200|
The average household income in Socorro, NM grew from $33,214 to $33,608 in the past year. This data is an estimate based upon 2,262 households in Socorro, NM . The chart below presents how household income is distributed in Socorro, NM in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Socorro, NM shifted from $114,700 to $110,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Socorro, NM in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Socorro, NM properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Socorro, NM compared to median property taxes around the country. The prevalent amount of property taxes in Socorro, NM equals $800, which is less than the national average.