Housing costs in Socorro?
A typical home costs
$153,100, which is 54.7% less expensive than the national average of
$338,100 and 42.7% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Socorro costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 30.8% cheaper than the state average of
$1,020.
Can I afford Socorro?
To live comfortably in Socorro (zip 87801), New Mexico, a minimum annual income of
$29,160 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Socorro?
The cost of living in 87801 Socorro, NM is relatively low compared to other parts of the country. The median home price is $136,100, which is much lower than the national average. Additionally, the median household income in this area is $49,917. This shows that the cost of living is more affordable than many other places. On top of this, there are no state or local taxes on income. This makes it even more attractive for people looking to live in a place with a lower cost of living.