Starting a Business in Chaves County, NM

What does it cost to start a business in Chaves County? Here are the numbers.

Avg Startup Cost

$37,255

Monthly Overhead

$1,275

Est. Break-Even

30 mo

Runway

29 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,275/mo
Median Household Income$49,673
Property Tax Rate0.6%

Population (market size)64,701

Market Context

Median Home Value$133,200
Homeownership Rate67.4%
Median Rent$850/mo

CountyChaves County

About Chaves County, New Mexico

Chaves County in New Mexico has a population of 64,701 and a median household income of $49,673. The moderate population offers opportunities for niche businesses with less competition.

These are starting estimates based on county-level data. Your actual startup costs depend on your industry, business model, location within the county, and dozens of other factors. Use our calculator for a detailed viability analysis.

Analyze Your Business Viability in Chaves County

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Other Counties in New Mexico

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SBA, BLS. Estimates based on county-level medians. This is not financial advice.