Socorro, a city located in the state of New Mexico (NM), is home to a population of approximately 8,605 people. Socorro boasts a median age of 36.4, with around 25.5% of its residents aged 60 or above. 5.9% of the population identifies as US Veterans. 24.7% of Socorro residents are disabled. The city has an average household income of $42,622, while the unemployment rate stands at 3%, and around 22.5% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Socorro is $126,908, with a monthly rent averaging $708.