Socorro, NM Employment - Median Household Income, Unemployment Rate

D+

21%

Income/capita NAT. AVG.

22%

Household income NAT. AVG.

68%

Unemployment NAT. AVG.

Index	Socorro	New Mexico	National
Income per capita	$23,699	$24,459	$29,829
Median household income	$43,337	$45,674	$55,322
Median income owner occupied	$55,739	$55,941	$70,586
Median income renter occupied	$24,716	$29,282	$35,192
Median earnings male	$25,144	$31,150	$36,919
Median earnings female	$30,489	$22,439	$26,250
Unemployment rate	1.5%	5.0%	4.7%
Poverty level	25.7%	20.9%	15.1%

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Key findings

The income per capita in Socorro is 21% lower than the national average
The median household income in Socorro is 22% lower than the national average
Male median earnings are 41% higher than female median earnings
The unemployment rate in Socorro is 68% lower than the national average
The poverty level in Socorro is 70% higher than the national average

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am i middle class

$28,888 $43,337 $86,674

City

$30,446 $45,674 $91,348

State

$36,877 $55,322 $110,644

Nation

According to the PEW research center, the middle class is defined as a range from two thirds (2/3) of the median household income to a multiple of two (2) times the median household income. Displayed above are the city, state and national median household income averages. Simply enter your median household income to determine if your income falls into the middle class or if your household income is considered upper or lower class.

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Socorro median earnings by income bracket

Socorro employment by industry

Labour Type	Male	Female
Construction industry	1.6%	1.6%
Manufacturing sector	4.6%	4.6%
Financial & insurance services	2.7%	2.7%
Wholesale & retail services	4.8%	4.8%
Public administration	8.2%	8.2%
Transportation, warehousing & utilities	2.0%	2.0%
Education, health & social services	47.9%	47.9%
Other	27.8%	27.8%

Nearby cities with high median household income

City	Population	Household Income	National Avg.
Luis Lopez, NM	74	$63,705	15.2%
Polvadera, NM	626	$21,786	60.6%
San Antonio, NM	9	$0	100.0%
Alamillo, NM	201	$0	100.0%
Escondida, NM	14	$0	100.0%
Socorro, NM	8,406	$43,337	21.7%

Cities with similar population

City	Population	Household Income	National Avg.
Arab, AL	8,405	$48,391	12.5%
Cape St. Claire, MD	8,405	$112,206	102.8%
Greenville, MI	8,407	$43,689	21.0%
Spring Valley Lake, CA	8,408	$86,033	55.5%
Salem, UT	8,403	$86,745	56.8%
Socorro, NM	8,406	$43,337	21.7%

Source: The Socorro, NM employment data displayed above is derived from the United States Census Bureau American Community Survey (ACS).