Curry County · New Mexico · West · 38k residents
Clovis, NM: economy, jobs & business costs
The site-selection read on Clovis: labor costs, talent, corporate tax, energy, and business activity, with the New Mexico median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $937/wk. New Mexico's corporate income tax rate is 5.9%. Commercial electricity averages 10.5¢/kWh.
Compare Clovis side by side
Avg. weekly wage
$937/wk
Corporate income tax
5.9%
Bachelor's degree or higher
23.6%
Commercial electricity
10.5¢/kWh
Economic momentum
How fast Clovis's economy is moving, ranked against the US cities we track.
17/100
Cooling
Ranks Clovis's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $169,400 |
| Price per sq. ft. | $190 |
| Property tax rate | 0.8% |
| 1-bedroom rent | $646/mo |
| 2-bedroom rent | $996/mo |
| State & local income tax | 2.74% |
| Sales tax | 7.6% |
| Corporate income tax | 5.9% |
| Avg. weekly wage | $937/wk |
| Bachelor's degree or higher | 23.6% |
| Commercial electricity | 10.5¢/kWh |
| Businesses per 1k residents | 28.7/1k |
| Wage: Software developer | $124,520 |
| Wage: Registered nurse | $94,340 |
| Wage: General manager | $98,630 |
| Wage: Customer service | $39,030 |
| Wage: Warehouse worker | $35,830 |
| Wage: Heavy truck driver | $50,500 |
| Wage: Electrician | $58,390 |
| Wage: Retail salesperson | $33,300 |
| Cost of living index | 79 |
| Groceries index | 98 |
| Utilities | $145/mo |
| Transit pass | $45/mo |
| Gas price | $3.05/gal |
| Healthcare index | 96 |
| Childcare (per child) | $950/mo |
| Median household income | $54,820 |
| Unemployment rate | 3.9% |
| Population | 38k |
| Crime index | 80/100 |
| School rating | 3.5/10 |
| Walkability | 30/100 |
| Disaster risk | 62/100 |
| Avg. commute | 22 min |
| Sunny days / year | 280 days |
| July high | 92°F |
| January low | 26°F |
| Annual snowfall | 13 in |
| Home price YoY | -0.6% |
| Home price MoM | -0.8% |
| Rent YoY | +5.7% |
| Rent MoM | +0.1% |
| Employment (jobs) YoY | -0.5% |
| Building permits YoY | -63.3% |
| Ocean coast | 560 mi |
| Big lake | 242 mi |
| Mountains | 165 mi |
| Major airport | 96 mi |
| Ski resort | 164 mi |
Popular comparisons
Nearby
- Roswell, NM · 48k
- Hobbs, NM · 40k
- Carlsbad, NM · 32k
- Santa Fe, NM · 89k
- Alamogordo, NM · 31k
Similar size
- South Valley, NM · 37k
- Farmington, NM · 46k
- Gallup, NM · 21k
- Los Lunas, NM · 19k
- Chaparral, NM · 18k
Real listings in Clovis
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Clovis a good place to run a business?
- New Mexico's corporate income tax rate is 5.9%; average weekly wages in the surrounding labor market run $937/wk; commercial electricity averages 10.5¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Clovis, NM?
- Clovis indexes at 79 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $996/mo and a acs median home value of $169,400.
- How much does a house cost in Clovis?
- The acs median home value in Clovis is $169,400 (Census ACS estimate; individual listings vary).
- How much is rent in Clovis?
- A two-bedroom in Clovis rents for about $996/mo.