Economy in Socorro, New Mexico
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Economy
| Unemployment Rate | 5.40% | 9.10% |
| Recent Job Growth | -2.28% | -0.12% |
| Future Job Growth | 30.04% | 31.25% |
| Sales Taxes | 6.87% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $16,525 | $27,067 |
| Household Income | $27,602 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 30.50% | 12.10% |
| Income between 15K and 25K | 16.50% | 10.18% |
| Income between 25K and 35K | 12.07% | 10.56% |
| Income between 35K and 50K | 12.39% | 14.98% |
| Income between 50K and 75K | 14.63% | 19.53% |
| Income between 75K and 100K | 3.88% | 12.52% |
| Income between 100K and 150K | 7.65% | 12.14% |
| Income between 150K and 250K | 1.59% | 3.91% |
| Income between 250K and 500K | 0.79% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 8.51% | 13.81% |
| Professional and Related Occupations | 31.87% | 22.68% |
| Service | 19.26% | 14.51% |
| Sales and Office | 22.92% | 25.22% |
| Farming, Fishing, and Forestry | 1.18% | 0.68% |
| Construction, Extraction, and Maintenance | 10.98% | 9.37% |
| Production, Transportation, and Material Moving | 10.26% | 15.86% |
The unemployment rate in Socorro, NM, is 5.40%, with job growth of -2.28%. Future job growth over the next ten years is predicted to be 30.04%.
Socorro, NM Taxes
Socorro, NM,sales tax rate is 6.87%. Income tax is 5.30%.
Socorro, NM Income and Salaries
The income per capita is $16,525, which includes all adults and children. The median household income is $27,602.
Socorro Economy SperlingViews
re: Socorro County - Quiet, Desert Beauty, but Not: God bless our dear friend Kate but I'm not sure what Socorro she is referring to. The population of the city is closer to 9 thousand than 9 million and for the county... (read more)Socorro County - Quiet, Desert Beauty, but Not Far: 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... (read more)Have an opinion about Socorro? Leave a commentTo See All SperlingViews for Socorro Click Here
