Socorro County, NM
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 33.99, -106.94.
Assembled 2026-10-07. Read the brief.
- 37th pct · 1,903rd of 3,063 US counties · median $234,566
- 37th pct · 19th of 30 New Mexico counties · median $223,584
- 47th pct · 1,601st of 3,063 US counties · median +2.9%
- 68th pct · 10th of 30 New Mexico counties · median +1.3%
- US counties: not published this period
- New Mexico counties: not published this period
- 36th pct · 2,055th of 3,221 US counties · median 8,232
- 34th pct · 22nd of 33 New Mexico counties · median 8,227
- 52nd pct · 1,540th of 3,221 US counties · median $1,039
- 68th pct · 11th of 33 New Mexico counties · median $968
- 37th pct · 1,914th of 3,063 US counties · median 4.3
- 41st pct · 18th of 30 New Mexico counties · median 4.2
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $203,020 (Aug 2026), +2.7% over one year, +5.4% over five
- 37th pct · 1,903rd of 3,063 US counties · median $234,566
- 37th pct · 19th of 30 New Mexico counties · median $223,584
| Item | Value | Distance |
|---|---|---|
| Socorro County, NM | $203,020 · +2.7% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)
- US counties: not published this period
- New Mexico counties: not published this period
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,111 a month on $203,020 at 7.28%, against an average weekly wage worth $4,541 a month: 24.5% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $203,020 × 80% = $162,416, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,111/mo principal and interest
- wage share = payment / (avg weekly wage $1,048 × 52 / 12 = $4,541) = 24% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $203,020 / ($1,048 × 52) = 3.7
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
4,819 jobs at 371 employers (2026 Q1); -2.9% jobs and +2.9% average weekly wage over the year
- 36th pct · 2,055th of 3,221 US counties · median 8,232
- 34th pct · 22nd of 33 New Mexico counties · median 8,227
| Item | Value | Distance |
|---|---|---|
| Socorro County, NM | 4,819 jobs · $1,048/wk · -2.9% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Health care and social assistance | 936 | $878 | 1.29 | +1.6% |
| Retail trade | 419 | $599 | 0.89 | -9.1% |
| Professional and technical services | 309 | $1,624 | 0.93 | -1.6% |
| Construction | 75 | $1,047 | 0.30 | +38.9% |
| Finance and insurance | 74 | $947 | 0.38 | -5.1% |
| Transportation and warehousing | 49 | $1,079 | 0.24 | +0.0% |
| Educational services | 49 | $998 | 0.47 | +11.4% |
| Manufacturing | 42 | $975 | 0.11 | -35.4% |
| Other services | 25 | $603 | 0.17 | -13.8% |
| Information | 17 | $1,819 | 0.19 | -10.5% |
| Real estate and rental | 16 | $786 | 0.22 | +14.3% |
| Agriculture, forestry, fishing | withheld |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D1 moderate drought
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 1, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
| Site | Reading | Distance |
|---|---|---|
| Elephant Butte Lake | 4 % full · 1,986k ac-ft | 96 km |
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
high (0.58)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.25 + 0.3×0.96 / 0.65
Banks & federal dollars #
$254.5 m in deposits at 5 offices of 3 banks (SOD June 2026); HHI 3,812, highly concentrated. $329.5 m federal obligations in FY2026 (grants $118.2 m, direct payments $107.4 m), $68,376 per covered job
| Item | Value | Distance |
|---|---|---|
| First State Bank | $118.7 m · 46.7% share · 3 offices | |
| Wells Fargo Bank, National Association | $94.2 m · 37.0% share · 1 office | |
| WaFd Bank | $41.6 m · 16.4% share · 1 office | |
| Socorro, NM | $329.5 m FY2026 · $68,376/job | |
| NEW MEXICO DEPARTMENT OF TRANSPORTATION | $110.0 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| First State Bank | $118,739,000 | 46.7% | 3 |
| Wells Fargo Bank, National Association | $94,150,000 | 37.0% | 1 |
| WaFd Bank | $41,636,000 | 16.4% | 1 |
Deposit concentration is 3,812 across 3 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 3 banks with deposits in the county = 46.7² + 37.0² + 16.4² = 3,812
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Department of Transportation | $110,080,338 |
| Department of Health and Human Services | $97,143,111 |
| Social Security Administration | $80,115,077 |
| Department of Defense | $11,775,522 |
| Department of Veterans Affairs | $10,363,644 |
| Department of Housing and Urban Development | $4,480,744 |
| Department of the Interior | $4,288,929 |
| Department of Education | $3,848,404 |
| Department of Agriculture | $2,085,540 |
| Environmental Protection Agency | $1,816,892 |
| National Science Foundation | $1,522,696 |
| National Aeronautics and Space Administration | $1,012,446 |
That is $68,376 per covered job, against 4,819 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $329.5 m / 4,819 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $68,376
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.69 | 2026-10-05 | +3.3% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-06 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 3.00 | 2026-10-06 | -50.0% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Socorro County, NM: 6 findings, 1 at a watch level and 5 noted
watchSocorro County, NM's covered employment is -2.9% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -2.9 < 0
BLS QCEW over-the-year percent change, as published; not an official level
noteSocorro County, NM's average weekly wage was 2.9% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +2.9 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteSocorro County, NM's covered employment was 2.9% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- -2.9 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteSocorro County, NM's momentum index of -0.10 ranks 31st of 33 New Mexico counties, against a median of 0.20.
Period 2026-08.Show the arithmetic
- 6 on the 0-to-100 scale across 33 New Mexico counties that published momentum
- momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)
position among the entities that published this metric this period; not an official level
noteThe next Zillow ZHVI typical home value (monthly) covering Socorro County, NM is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.
Show the arithmetic
- window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern
estimated from the publisher's past release pattern; not an announced date
Read all 6 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.