Deming cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexDemingNew MexicoNational
Cost of living index82n/a100
IndexDemingNew MexicoNational
Goods & Services index93n/a100
Groceries index103n/a100
Health care index89n/a100
Housing index52n/a100
Transportation index98n/a100
Utilities index88n/a100
An overview of the general cost of living index for Deming, NM is displayed above for your reference. Residents in Deming, NM enjoy a cost of living index of 82. This index is equal to the New Mexico average, and 18% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Deming, NM, the average cost of goods and services is equal to it is in New Mexico, and it is 7% lower than the national average.

Did you know?

  • The cost of living in Deming is equal to the New Mexico average.
  • The cost of living in Deming is 18% lower than the national average.
  • The cost of housing in Deming is 48% lower than the national average.
  • New Mexico general sales tax is 1% higher than the national average.
  • New Mexico state income tax is 24% lower than the national average.

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Salary Calculator

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The salary calculator allows you to compare how much your current salary in Deming, NM would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Deming, NM, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Deming, NM salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$29,830$2,486$696$895
Renters$16,791$1,399$392$504
If you want to find a good determining factor for the cost of living and the general affordability of housing in Deming, NM, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Deming, NM, the median monthly income is $29,830 for those who own their own homes. Under the standard rule, that income level would allow for $696 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $16,791, per the median income in the area. That would allow for renters to spend up to $392 on monthly rental expenses.

New Mexico Sales Tax

StateGeneral Sales TaxWith Max Surtax
New Mexico5.125%8.688%

New Mexico Income Tax

StateIncome Tax (Low)Income Tax (High)
New Mexico1.7%4.9%
When you are determining the total cost of living in Deming, NM you will want to make sure you consider both the New Mexico sales tax and the New Mexico income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in New Mexico is 5.125%, with the highest surtax being 8.688%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in New Mexico have a range from 1.7% to 4.9%.

Goods & Services

ItemDemingNational avg.Difference
Haircut $17.10$14.5917.2%
Beauty Salon $36.00$34.683.8%
Toothpaste $2.12$2.4714.3%
Shampoo $1.21$1.0218.4%
Movie $9.56$9.873.1%
Bowling $3.53$4.3919.6%

Groceries

ItemDemingNational avg.Difference
Ground Beef $5.10$4.4813.9%
Fried Chicken $1.39$1.465.1%
Milk $2.58$2.369.5%
Potatoes $3.35$3.069.4%
Pizza $7.99$9.2413.6%
Beer $9.32$8.638.0%

Health Care

ItemDemingNational avg.Difference
Optometrist $73.00$99.7826.8%
Doctor $88.33$105.0315.9%
Dentist $82.00$88.707.6%
Ibuprofen $8.50$9.419.7%
Lipitor $271.13$298.509.2%

Housing

ItemDemingNational avg.Difference
Home Price $87,700.00$175,700.0050.1%
Avg. Mortgage Payment $849.19$1,081.0321.4%
Apartment Rent $527.00$920.0042.7%

Transportation

ItemDemingNational avg.Difference
Gasoline $1.96$2.096.1%
Tire Balancing $49.96$45.2910.3%

Utilities

ItemDemingNational avg.Difference
All Electricity$141.86$170.8016.9%
Phone $26.95$28.264.6%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Pulpotio Bareas, NM24395-5%
Mountain View, NM3794-6%
Keeler Farm, NM2,13178-22%
Ventura, NM28579-21%
Sunshine, NM31279-21%
Deming, NM14,76082-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lake St. Louis, MO14,7591077%
Parkway, CA14,7561066%
Fort Carson, CO14,7661088%
Parlier, CA14,75095-5%
Neabsco, VA14,77513434%
Deming, NM14,76082-18%
Source: The Deming, NM cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.