2024 Compare Cities Economy:
Socorro, NM vs Charlottesville, VA

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Highlights
- Household income in Charlottesville, is 41% more than it is in Socorro and is 9% below the National Average.
- Socorro unemployment rate is 6.6%.
- Charlottesville unemployment rate is 4.7%.
 Socorro, NMCharlottesville, VAUnited States
 Unemployment Rate6.6%4.7%6.0%
 Recent Job Growth1.7%3.7%1.6%
 Future Job Growth27.2%42.7%33.5%
 Sales Taxes7.4%5.3%6.2%
 Income Taxes4.9%5.8%4.6%
 Income per Cap.$24,092$42,474$37,638
 Household Income$45,142$63,470$69,021
 Family Median Income$60,941$96,794$85,028
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 Est. Households By Income
 Socorro, NMCharlottesville, VAUnited States
 Income Less Than 15K17.6%15.0%9.4%
 Income between 15K and 20K7.1%4.4%3.8%
 Income between 20K and 30K11.9%6.9%8.1%
 Income between 30K and 40K10.1%8.2%8.0%
 Income between 40K and 50K7.3%7.0%7.6%
 Income between 50K and 60K8.4%6.6%7.2%
 Income between 60K and 75K6.1%7.2%9.6%
 Income between 75K and 100K10.0%11.2%12.8%
 Income between 100K and 150K12.1%14.6%16.3%
 Income between 150K and 200K7.0%7.3%7.8%
 Income greater than 200K2.5%11.6%9.5%
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 Population By Occupation
 Socorro, NMCharlottesville, VAUnited States
 Management, business, finance10.4%16.9%16.4%
 Engineering, computers, science19.0%10.7%6.5%
 Community, social services0.6%2.5%1.8%
 Legal0.0%1.8%1.2%
 Education, library17.3%14.8%6.2%
 Arts, design, media, sports, entertainment1.3%3.7%2.0%
 Healthcare practitioners and technology2.5%7.3%6.2%
 Healthcare support2.0%1.4%3.3%
 Firefighters, law enforcement1.0%1.0%2.1%
 Food preparation, serving4.4%7.6%5.4%
 Building maintenance5.6%4.2%3.6%
 Personal care1.6%2.8%2.6%
 Sales, office, administrative support17.1%14.4%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair10.8%3.8%8.1%
 Production, transportation, material moving6.4%7.2%13.1%
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 Charlottesville    44 Reviews

Over 3 years ago

I have lived in Charlottesville, Albemarle County for 25 years. It USED to be a decent place but in the past 10 years has gone downhill. Rent is TOO high, landlords are  More

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Over 3 years ago

Loved here for 7 years, lots of parks and close proximity to Shenandoah, but that’s where the positives end. High cost of living with extreme income inequality,  More

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Over 3 years ago

Charlottesville resident for 7 years. Plenty of parks, the Rivanna River and trail, and a short drive to Shenandoah National Park means plenty of opportunities for  More

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