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The total population of Socorro is estimated to be 8,605 with 4,317 males (50.17%) and 4,288 females (49.83%). There are 29 less females than males in Socorro.
The median household income in Socorro was $48,795 in 2021, which marked an a decrease of 312(0.64%) from $49,107 in 2020. This income is 65.40% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Socorro sees its highest median household income among householders in the age group of 25 to 44 years old, at $75,889. Overall, the median household income for the city of Socorro stands at $48,795.
In Socorro, the median income for all workers aged 15 years and older, regardless of work hours, was $21,262 for males and $21,881 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,949 for males and $44,828 for females.
In Socorro, there are just three different racial groups among households. Among these, Asian households report a median household income of $163,046, followed by White households at $51,235, and American Indian and Alaska Native households with a median household income of $33,914.
In 2022, the population of Socorro was 8,443, a 1.26% decrease year-by-year from 2021. Previously, in 2021, Socorro's population was 8,551, a decline of 1.51% compared to a population of 8,682 in 2020.
The median age in Socorro, NM is 36.1, as per 2021 ACS 5-Year Estimates. Of the total population, 15.57% were under the age of 15, 27.97% aged 15 to 29, 37.02% aged 30 to 64, 17.83% aged 65 to 84, and 1.61% were 85 years of age and older.
Racial distribution of Socorro population: 68.58% are White, 1.47% are Black or African American, 6.08% are American Indian and Alaska Native, 3.47% are Asian, 8.52% are some other race and 11.87% are multiracial.