Deming, NM Cost Of Living
Cost Of Living In Deming, NM Summary
Cost of living in Deming research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Deming is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New Mexico, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Deming is 79, with 100 being the average.
The cost of living index in Deming is 0.8x lower than the national average.
Deming ranks as the #3 cheapest in New Mexico out of 45.
Deming ranks as the #76 cheapest out of 6,489 in the US.
The median home value in Deming is $158,912.
The median income in Deming is $35,920.
Table Of Contents
Deming's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Deming, NM?
According to the most recent data on the cost of living, Deming has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to New Mexico, Deming has a cost of living index that's 0.8x lower than New Mexico's index of 93.
The standard of living in Deming ranks as #3 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Deming ranks as the #42 most expensive place in the Land of Enchantment.
For more reading on life in Deming, check out:
In New Mexico
In America
Deming Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Deming. Here is how it fairs on each of the criteria:
The Services index in Deming is 96.
The Groceries index in Deming is 98.
The Health index in Deming is 99.
The Housing index in Deming is 50.
The Transportation index in Deming is 98.
The Utilities index in Deming is 81.
| Living Expense | Deming | New Mexico | National Average | |
|---|---|---|---|---|
| Overall | 79 | 93 | 100 | |
| Services | 96 | 97 | 100 | |
| Groceries | 98 | 98 | 100 | |
| Health | 99 | 98 | 100 | |
| Housing | 50 | 85 | 100 | |
| Transportation | 98 | 93 | 100 | |
| Utilities | 81 | 91 | 100 | |
Deming, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Deming is $158,912.
The Median Rent in Deming is $596.
The Median Income in Deming is $35,920.
The Home Value To Income in Deming is 4.4x.
The Rent To Monthly Income in Deming is 0.2x.
| Statistic | Deming | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $158,912 | $311,815 | $303,400 |
| Median Rent | $596 | $1,021 | $1,348 |
| Median Income | $35,920 | $62,125 | $78,538 |
| Home Value To Income | 4.4x | 5.0x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Deming, NM Costs By Category
Detailed Deming Services Costs Vs. New Mexico
| Item | Deming | New Mexico |
|---|---|---|
| Shampoo | $1.09 | $1.28 |
| Movie | $13.0 | $12.13 |
| Bowling | $14.33 | $18.0 |
| Haircut | $24.56 | $24.26 |
| Beauty Salon | $46.0 | $45.56 |
Detailed Deming Groceries Costs Vs. New Mexico
| Item | Deming | New Mexico |
|---|---|---|
| Ground Beef | $5.69 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.53 | $4.67 |
| Potatoes | $4.15 | $4.93 |
| Pizza | $12.38 | $12.09 |
| Beer | $10.68 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Deming Health Costs Vs. New Mexico
| Item | Deming | New Mexico |
|---|---|---|
| Optometrist | $150.67 | $125.68 |
| Doctor | $140.33 | $135.78 |
| Dentist | $113.72 | $113.29 |
Detailed Deming Transportation Costs Vs. New Mexico
| Item | Deming | New Mexico |
|---|---|---|
| Gasoline | $3.35 | $3.46 |
| Tire Balancing | $53.65 | $59.92 |
Detailed Deming Utilities Costs Vs. New Mexico
| Item | Deming | New Mexico |
|---|---|---|
| All Electricity | $192.0 | $193.99 |
| Phone | $189.63 | $192.25 |
Deming SnackAbility
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