Socorro is a city in Texas state in USA with a population of 34329 residents.. The poverty rate of Socorro is 23.9%, which is 71% higher than national average. The typical household in Socorro earns $40065 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 8 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 62% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Socorro, only 63% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Socorro remained 5.6%, which is 19% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Socorro, only 7% of adults have a bachelor's degree and 27% have some college but no degree.

Cost of living in Socorro is 86, which is 14% lower than national average. Median home value in Socorro is $99100 , which is 57% lower than national average. While median income in Socorro remained $40065, which is 41% lower than national average.