How America Moves

Socorro County, NM

Migration of people and income, 20222023 filing years

Between the 2022 and 2023 filing years, Socorro County, NM saw a net loss of 68 tax-filing households and a net loss of 76 individuals. On net, the area lost $6.5M in associated adjusted gross income (AGI, nominal dollars). The largest inflow came from Bernalillo County; the largest outflow went to Bernalillo County. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)
-$6.5M
nominal dollars
Net households
-68
tax returns
Net people
-76
exemptions

Income (AGI) in and out

Moved in$14.7M
Moved out$21.2M
Net -$6.5M (nominal)

Where movers came from

  1. 1Bernalillo County, NM87$3.9M
  2. 2Valencia County, NM62$2.0M

Where movers went

  1. 1Bernalillo County, NM98$3.8M
  2. 2Valencia County, NM78$3.5M

Net migration by year

Net 2012–2023: -$43.9M (-1,730 people)
20122023
Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012-$6.2M-237
2013-$2.1M-87
2014-$5.8M-214
2015-$4.6M-147
2016-$6.4M-249
2017-$723.0K-135
2018-$2.4M-147
2019-$3.9M-153
2020-$3.0M-121
2021-$870.0K-124
2022-$1.4M-40
2023-$6.5M-76

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Source: IRS Statistics of Income migration data (public domain). Covers federal income tax filers only; AGI is nominal (not inflation adjusted). These numbers describe movement of filers and their reported income, not why people moved or economic loss. Methodology and caveats.