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Economic Atlas
Places/NM/Socorro
County profile

Socorro

United States · GDP 2024
#2193 of 3,127 US counties by GDP32nd-percentile growthmore diversified than 20% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$666.2M
GDP growth
+2.4%
Jobs tracked
2,772
Employers
221
Avg. wage
$49.1k
Population
15,838
Labor & formation
Unemployment
5.0%
Median HH income
$36.6k±$11.1k
Business applications
164 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

No public companies loaded for this state yet — universe expands with the full ingest.

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care35%
Food & accommodation23%
Retail trade19%
Education10%
Professional services9%
Transportation3%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
15,838
residents · 2025 · -4.3% since 2020
Income per capita $47.3k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−501
International migration+115
Natural change−319

GDP trend

2019–2024 · nominal
$513.5M
2019
$514.3M
2020
$548.0M
2021
$606.5M
2022
$650.5M
2023
$666.2M
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$137.5k±$30.6k
Median gross rent
$691/mo±$171/mo
Vacancy rate
31.5%±3.8%
Affordability
2.8× wages
Residential permits
Census BPS
FEMA risk score
61.5
HUD Fair Market Rent (2BR):$973/mo · 2026
TOP PERILS · FEMA NRI
Wildfire 87Lightning 84Hail 84
FHFA HOUSE PRICE INDEX · 2016–2025
195
2016
192
2017
192
2018
203
2019
204
2020
230
2021
263
2022
280
2023
322
2024
289
2025
Wage trend
BLS QCEW · 2019–2023
$49.1k
avg. annual pay · +26% since 2019
Similar US counties
nearest by GDP
Moniteau$666.2MWestmoreland$666.0MNemaha$666.8MDoddridge$665.2MWashington$664.5MGrant$668.0M
The read

Socorro's economy produced $666.2M in 2024, growing 2.4% year over year — slower than 68% of US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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