New Mexico · West · 37k residents
South Valley, NM: economy, jobs & business costs
The site-selection read on South Valley: 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 $1,214/wk. New Mexico's corporate income tax rate is 5.9%. Commercial electricity averages 10.5¢/kWh.
Compare South Valley side by side
Avg. weekly wage
$1,214/wk
Corporate income tax
5.9%
Bachelor's degree or higher
15.1%
Commercial electricity
10.5¢/kWh
Economic momentum
We don't yet track economic momentum for South Valley. It will rank business formation, jobs, and building-permit growth against the US cities we track.
| ACS median home value | $224,300 |
| Price per sq. ft. | $190 |
| Property tax rate | 0.8% |
| 1-bedroom rent | $794/mo |
| 2-bedroom rent | $952/mo |
| State & local income tax | 2.74% |
| Sales tax | 7.6% |
| Corporate income tax | 5.9% |
| Avg. weekly wage | $1,214/wk |
| Bachelor's degree or higher | 15.1% |
| Commercial electricity | 10.5¢/kWh |
| Businesses per 1k residents | — |
| 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 | 81 |
| 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 | $58,224 |
| Unemployment rate | 3.9% |
| Population | 37k |
| Crime index | 80/100 |
| School rating | 3.5/10 |
| Walkability | 30/100 |
| Disaster risk | — |
| Avg. commute | 22 min |
| Sunny days / year | 280 days |
| July high | 93°F |
| January low | 22°F |
| Annual snowfall | 7 in |
| Home price YoY | — |
| Home price MoM | — |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | — |
| Building permits YoY | — |
| Ocean coast | 623 mi |
| Big lake | 125 mi |
| Mountains | 20 mi |
| Major airport | 5 mi |
| Ski resort | 74 mi |
Popular comparisons
Nearby
- Albuquerque, NM · 562k
- Los Lunas, NM · 19k
- Rio Rancho, NM · 109k
- Santa Fe, NM · 89k
- Gallup, NM · 21k
Similar size
- Clovis, NM · 38k
- Hobbs, NM · 40k
- Carlsbad, NM · 32k
- Alamogordo, NM · 31k
- Farmington, NM · 46k
Real listings in South Valley
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is South Valley 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 $1,214/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 South Valley, NM?
- South Valley indexes at 81 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $952/mo and a acs median home value of $224,300.
- How much does a house cost in South Valley?
- The acs median home value in South Valley is $224,300 (Census ACS estimate; individual listings vary).
- How much is rent in South Valley?
- A two-bedroom in South Valley rents for about $952/mo.