EconPulse

place

Socorro city, New Mexico

NM · population 8,481 · GEOID 3573540

No score yet. It is computed when the file is built.

Unemployment (socorro county) is worse than the national figure. Median gross rent is better than the national figure.

U.S. Census Bureau · American Community Survey 5-Year · B01003 · 2020-2024 · ±14 · pulled 2026-10-31

data 2026.10 · built 2026-10-31 · pulled 2026-10-31

Population

8,481

0.40% of New Mexico · 8,481 of 2,120,246

Receipt U.S. Census Bureau · American Community Survey 5-Year · B01003 · 2020-2024 · ±14 · pulled 2026-10-31

Unemployment (Socorro County)

5.4%

+1.4 pts above the United Statesworse

2024-012026-09

This placeUnited States

Table, 32 periods
Unemployment (Socorro County), against United States
PeriodThis placeUnited StatesMargin
2024-014.3%4.1%—
2024-024.4%4.2%—
2024-033.9%3.9%—
2024-044.0%3.5%—
2024-054.4%3.7%—
2024-065.7%4.3%—
2024-076.2%4.5%—
2024-085.0%4.4%—
2024-094.6%3.9%—
2024-104.5%3.9%—
2024-114.7%4.0%—
2024-124.0%3.8%—
2025-014.6%4.4%—
2025-024.4%4.5%—
2025-033.8%4.2%—
2025-043.9%3.9%—
2025-054.3%4.0%—
2025-065.4%4.4%—
2025-075.9%4.6%—
2025-084.9%4.5%—
2025-094.5%4.3%—
2025-115.4%4.3%—
2025-124.7%4.1%—
2026-015.8%4.7%—
2026-025.5%4.7%—
2026-034.5%4.3%—
2026-044.9%4.0%—
2026-055.0%4.1%—
2026-065.7%4.4%—
2026-076.4%4.4%—
2026-085.4%4.3%—
2026-095.4%4.0%—

Receipt U.S. Bureau of Labor Statistics · Local Area Unemployment Statistics · LAUCN350530000000003 · 2026-09 · pulled 2026-10-31

Median gross rent

$711

better than the United States

This place $711
New Mexico $1,067
United States $1,413

Receipt U.S. Census Bureau · American Community Survey 5-Year · B25064 · 2020-2024 · pulled 2026-10-31

Output (Socorro County)

$666.2M

+2.4% vs 2023

20162024
Table, 9 periods
Output (Socorro County)
PeriodOutput (Socorro County)Margin
2016$496.7M—
2017$489.5M—
2018$495.1M—
2019$513.5M—
2020$514.3M—
2021$548.0M—
2022$606.5M—
2023$650.5M—
2024$666.2M—

New Mexico $147.1B · this place is 0.45% of the state

This measure has no national series.

Receipt U.S. Bureau of Economic Analysis · BEA Regional, CAGDP2 · CAGDP2-1 · 2024 · pulled 2026-10-31

Federal obligations (Socorro County)

$258.3M

+61.4% vs FY2025

FY2021FY2026
Table, 6 periods
Federal obligations (Socorro County)
PeriodFederal obligations (Socorro County)Margin
FY2021$175.3M—
FY2022$157.9M—
FY2023$160.7M—
FY2024$160.8M—
FY2025$160.0M—
FY2026$258.3M—

This measure has no state or national series.

Receipt USAspending.gov · Federal award obligations by county · spending_by_geography · FY2026 · pulled 2026-10-31

More about this place

Median age 29.6 U.S. Census Bureau · 2020-2024
Bachelor's degree or higher 25.1% U.S. Census Bureau · 2020-2024
Poverty rate 32.6% U.S. Census Bureau · 2020-2024
Labor force participation 44.9% U.S. Census Bureau · 2020-2024
Median home value $152,900 U.S. Census Bureau · 2020-2024
Median household income $39,375 U.S. Census Bureau · 2020-2024
Unemployment rate, five-year average 2.1% U.S. Census Bureau · 2020-2024
Consumer price index (United States) 336 U.S. Bureau of Labor Statistics · 2026-09-01
30-year fixed mortgage rate (United States) 7.2% Freddie Mac · 2026-10-29
Share of New Mexico 0.40% U.S. Census Bureau · 2020-2024