salaryRent is lower than in 70% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (81.8%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $51,680 a year. That is $25 an hour at a full-time job.
Is rent cheaper than other Texas cities?
Yes. Rent here is cheaper than in most of Texas. It is number 159 of 426 cities from cheapest to most expensive.
How much do households earn in Socorro?
Share of households by yearly income. 11.8% of households earn $100,000 or more.
Rent by apartment size in Socorro
| Size | Socorro | U.S. average |
|---|---|---|
| 1 bedroom | $855 | $1,324 |
| 2 bedrooms | $1,168 | $1,509 |
| 3 bedrooms | $1,145 | $1,698 |
| 4 bedrooms | $1,356 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Socorro overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Socorro, so the Texas figure is shown.
Taxes and bills in Socorro
Life in Socorro
Is it cheaper to rent or buy in Socorro?
Buying is cheaper month to month: about $289 a month less than renting.
Owning assumes a typical $144,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,450 for the down payment.
Frequently asked questions
What is the average rent in Socorro, TX?
Renting in Socorro costs a median of about $1,292 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Socorro?
To keep rent under 30% of income, you need about $51,680 a year, or $25 an hour at a full-time job.
Is Socorro cheap or expensive?
Socorro is rated OK: rent takes 26.3% of the typical household income of $59,041. It ranks 159th cheapest of 426 Texas cities we track.
How much are property taxes in Socorro?
The median homeowner in Socorro pays $3,157 a year in property taxes, about 2.18% of the median home value.
Is Socorro more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Socorro?
The median home value in Socorro is $144,500, about 2.4 times the typical yearly household income.
37,123 people live in Socorro. Numbers are typical (middle) values.