Deming, NM, offers a cost of living that is 85% of the nationwide average. This means that overall, living expenses in Deming are 15% lower than the national average. The housing index, at 75%, shows the most significant savings, while utilities and groceries remain close to the national average. This makes Deming an attractive option for those seeking a more affordable lifestyle.
Deming, New Mexico, offers a cost of living that is notably lower than the nationwide average. The cost of living index for Deming stands at 84, which is 16% below the national average of 100. This lower index suggests that residents can expect to pay less for their daily expenses compared to the average American. Housing, in particular, is 25% cheaper in Deming, with an index of 75, making it an attractive option for those looking to save on living costs.
In addition to housing, other categories such as groceries, utilities, and transportation also show a favorable comparison. Groceries cost 10% less than the national average, with an index of 90. Utilities, which include electricity, gas, and water, are priced at 95, which is 5% below the national average. Transportation costs are also slightly lower, with an index of 85, indicating a 15% reduction. These savings make Deming an appealing choice for individuals and families seeking to manage their budgets more effectively.
