Starting a Business in Union County, NM
What does it cost to start a business in Union County? Here are the numbers.
Avg Startup Cost
$31,286
Monthly Overhead
$881
Est. Break-Even
30 mo
Runway
36 mo
Local Business Economics
Cost Factors
Commercial Rent (est.)$881/mo
Median Household Income$41,714
Property Tax Rate0.5%
Population (market size)4,074
Market Context
Median Home Value$126,900
Homeownership Rate65.1%
Median Rent$587/mo
CountyUnion County
About Union County, New Mexico
Union County in New Mexico has a population of 4,074 and a median household income of $41,714. The smaller market may favor service-oriented businesses or online ventures.
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.
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