Starting a Business in Eddy County, NM

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

Avg Startup Cost

$58,094

Monthly Overhead

$1,643

Est. Break-Even

30 mo

Runway

35 mo

Local Business Economics

Cost Factors

Commercial Rent (est.)$1,643/mo
Median Household Income$77,458
Property Tax Rate0.5%

Population (market size)61,264

Market Context

Median Home Value$188,400
Homeownership Rate73.4%
Median Rent$1,095/mo

CountyEddy County

About Eddy County, New Mexico

Eddy County in New Mexico has a population of 61,264 and a median household income of $77,458. 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 Eddy 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.