Cost of Living in Deming
Deming's cost of living centers on genuinely affordable housing, rent, and property tax, offset by a real, disclosed elevated crime signal and New Mexico's statewide insurance cost pressures.
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Learn moreGenuinely affordable housing, with a disclosed spread
Zillow's average home value ran $152,908 (down 3.8% YoY) versus Redfin's notably higher $219,880 median sale price (up 23.9% YoY, June 2026) -- a real, disclosed spread this record does not resolve to one number, though both run well below the ~$393,134 national median (base record).
Genuinely affordable rent
Deming's citywide average rent ran approximately $716/month, about 48.9% below New Mexico's statewide average of approximately $1,400/month (base record).
Genuinely low property tax
Ownwell's cited 0.71% effective property tax rate and $151 median annual bill run well below both national and New Mexico statewide medians (base record).
New Mexico's real 5.9% top income tax rate
New Mexico's real, current 6-bracket income tax (1.5% to 5.9%) applies in Deming as statewide, with a Social Security exemption below $100,000 (single) / $150,000 (MFJ) federal AGI -- a real, relevant fact given Deming's above-average retiree population (base record).
Key takeaways
- Deming's housing runs affordable, though Zillow ($152,908) and Redfin ($219,880) show a real, disclosed spread.
- Rent averages approximately $716/month, about 48.9% below the New Mexico statewide average.
- Deming's 0.71% effective property tax rate runs well below national and NM statewide medians.
- New Mexico's 5.9% top income tax rate applies statewide, with a Social Security exemption relevant to Deming's retirees.
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