Cost of Living in Socorro, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.8
100 = national avg
-8.2 vs national average
Living Wage (1 Adult)
$40,372
per year
Living Wage (Family of 4)
$95,425
per year
Cost Index by Category
Housing102.2
Food89.8
Transportation79.6
Healthcare91.9
Utilities94.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,013
per month
2 Bedroom
$1,191
per month
The overall cost of living index in Socorro is 91.8, which is 8.2% below the national average. Housing costs are above the national average at an index of 102.2. A single adult needs to earn approximately $40,372 per year to cover basic expenses.