Deming, NM is a small city located in the southern part of the state. Its cost of living is relatively low with 2 Bedroom Rent being only $1,160 compared to the US average of $1,430. The Grocery Cost Index in Deming also ranks lower than the US at 91 versus 100. Local companies based in Deming include Sierra Vista Hospital, Southwest Cheese Co., and Gardenland Home and Garden Center. These businesses offer a variety of services to local residents and contribute to the city’s economy.
Deming has an unemployment rate of 18.5%. The US average is 6.0%.
Deming has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 12.9%, which is lower than the US average of 33.5%.
Tax Rates for Deming
- The Sales Tax Rate for Deming is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Deming is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Deming
- The average income of a Deming resident is $18,953 a year. The US average is $37,638 a year.
- The Median household income of a Deming resident is $30,491 a year. The US average is $69,021 a year.