Housing costs in Socorro?
A typical home costs
$159,600, which is 52.8% less expensive than the national average of
$338,100 and 46.4% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Socorro costs
$880 per month, which is 31.3% cheaper than the national average of
$1,280 and 11.4% cheaper than the state average of
$980.
Can I afford Socorro?
To live comfortably in Socorro (zip 79927), Texas, a minimum annual income of
$30,600 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Socorro?
The cost of living in 79927 Socorro, TX is quite reasonable. The overall cost of living index for the city is 92.6, which is lower than the national average of 100. This means that it costs an average person 8.4% less to live in Socorro than in a typical US city. Housing expenses are also relatively low with a median home cost of $87,500 as of 2020, and the median household income is approximately $46,942. In addition to these economical factors, the city also offers numerous amenities such as parks and trails along with local shops and businesses which make it an ideal place to live for individuals or families looking for a great quality of life without breaking the bank.