Located in the state of Texas, Socorro is a mid-sized city with a population of 32,988 residents. If we take a look at the last Census, the vast majority of the population falls within one racial group (88% White). Given that fact, Socorro could be considered less diverse than other cities. Additionally, more than a quarter of the population of Socorro are of Hispanic or Latino origin, and 89% of the population also speak Spanish. With an average age of 30 years old, Socorro could be a great place to live for young adults as this age is well below the national average.
Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Socorro could be a positive experience compared to other cities in Texas if you know where to look. The best areas in Socorro and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, weather, education, you will see a detailed breakdown of the most important information as well as comparisons to the Texas and national averages.
With a livability score of 77/100, Socorro is ranked #3,285 in the United States and #605 in Texas. This is a terrific score, as Socorro ranks well in multiple categories! Based on the rankings for each individual category, Socorro has received high marks for amenities (B), crime (A+), cost of living (A), weather (B+) and education (B-). On a more negative note, Socorro does not have favorable scores for the following: employment (F) and housing (F). If we take a look at the data, we can find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Socorro on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Socorro has a violent crime rate of 143 crimes per 100,000 residents which is far lower than the national average.
Knowing that the Socorro schools rank highly for test scores plays an important factor in deciding if this area is the right place to live. The average school test scores are 75%, which is far higher than the national average.
Socorro real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Socorro. Median real estate prices in Socorro come in at $85,300, which is 40.2% lower than the Texas average. The home price to income ratio compares the median home prices to the median household income. In Socorro, the home price to income ratio is 2.7, which is 3.8% higher than the Texas average. Real estate appreciation rates in Socorro are important to consider, as they can act as a guide to determine if your new home purchase will be a solid investment going forward. During the last twelve months, the appreciation rate for Socorro homes comes in at 6%, and the 5 year appreciation rates were 3%.
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