Housing costs in Deming?
A typical home costs
$114,200, which is 66.2% less expensive than the national average of
$338,100 and 57.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Deming costs
$1,160 per month, which is 18.9% cheaper than the national average of
$1,430 and 12.1% more than the state average of
$1,020.
Can I afford Deming?
To live comfortably in Deming, New Mexico, a minimum annual income of
$21,960 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Deming?
The cost of living in Deming, NM is quite affordable. According to the US Census Bureau, the median household income for Deming was around $33,600 in 2018. The median home value was around $85,000 and the overall cost of living index was around 91.2. This means that Deming is about 8.8% lower than the national average for cost of living. This makes it a great place for families looking for an affordable place to live and raise children. Additionally, there are many job opportunities in the area due to its proximity to El Paso, Texas and Las Cruces, New Mexico. You can find employment in the service sector or even agriculture if you're willing to look hard enough!