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2024 Compare Cities Economy:
Socorro, NM vs Grants, NM

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Highlights
- Household income in Grants, is 1% less than it is in Socorro and is 54% below the National Average.
- Socorro unemployment rate is 6.6%.
- Grants unemployment rate is 10.3%.

Economy
 Socorro, NMGrants, NMUnited States
 Unemployment Rate6.6%10.3%6.0%
 Recent Job Growth1.7%0.3%1.6%
 Future Job Growth27.2%18.3%33.5%
 Sales Taxes7.4%8.1%6.2%
 Income Taxes4.9%4.9%4.6%
 Income per Cap.$24,092$20,515$37,638
 Household Income$45,142$44,782$69,021
 Family Median Income$60,941$60,893$85,028
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 Est. Households By Income
 Socorro, NMGrants, NMUnited States
 Income Less Than 15K17.6%20.4%9.4%
 Income between 15K and 20K7.1%4.6%3.8%
 Income between 20K and 30K11.9%12.5%8.1%
 Income between 30K and 40K10.1%9.5%8.0%
 Income between 40K and 50K7.3%7.6%7.6%
 Income between 50K and 60K8.4%4.3%7.2%
 Income between 60K and 75K6.1%12.9%9.6%
 Income between 75K and 100K10.0%10.6%12.8%
 Income between 100K and 150K12.1%11.9%16.3%
 Income between 150K and 200K7.0%5.1%7.8%
 Income greater than 200K2.5%0.7%9.5%
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 Population By Occupation
 Socorro, NMGrants, NMUnited States
 Management, business, finance10.4%8.8%16.4%
 Engineering, computers, science19.0%4.6%6.5%
 Community, social services0.6%0.8%1.8%
 Legal0.0%0.3%1.2%
 Education, library17.3%7.5%6.2%
 Arts, design, media, sports, entertainment1.3%0.0%2.0%
 Healthcare practitioners and technology2.5%6.5%6.2%
 Healthcare support2.0%3.8%3.3%
 Firefighters, law enforcement1.0%8.0%2.1%
 Food preparation, serving4.4%4.8%5.4%
 Building maintenance5.6%4.8%3.6%
 Personal care1.6%2.5%2.6%
 Sales, office, administrative support17.1%32.7%20.9%
 Farming, fishing, forestry0.0%0.2%0.6%
 Construction, extraction, maintenance/repair10.8%7.9%8.1%
 Production, transportation, material moving6.4%6.9%13.1%

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Reviews for Socorro    1 Reviews

Socorro County, New Mexico, is one of the largest counties in the state (6626 square miles)but with a population of only about 18 million. Most of the population  More

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Reviews for Grants    1 Reviews

Over 17 years ago

This is great place for families and retirement. We were looking for a place where there was a community and activities if we chose to participate and have the privacy  More

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ZIPS IN SOCORRO, NEW MEXICO
87801
ZIPS IN GRANTS, NEW MEXICO
87020

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