Socotá rewards travelers who treat it as a slow rural stop rather than a checklist destination. Costs are intrinsically low: posadas and homestays typically include home-cooked meals, and the local food economy is anchored by subsistence agriculture (potatoes, wheat, barley) rather than tourism markups. The main budget lever is logistics — reaching the town cheaply from Sogamoso or Duitama and staying in-village rather than splitting nights in larger towns.
The biggest money leaks in Socotá are transport friction and impatient pacing. Private taxis and last-minute Jeep (4×4 collectivo) hires from Sogamoso cost significantly more than scheduled colectivos from the terminal, and importing snacks or eating only at plaza fondas near bus arrival points inflates a daily food budget that would otherwise be tiny. Plan 3–4 nights, travel in the dry-ish windows (Dec–Feb, Jul–Aug), and your per-day spend stays low while the experience feels rich.