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Elephant Butte, NM vs Midway, NM

81
Elephant Butte
New Mexico
VS
-6.1%
87
Midway
New Mexico

Elephant Butte is moderately more affordable than Midway, with a 6.1% lower cost of living index. Elephant Butte scores 81 compared to 87 for Midway, where the US average is 100. This difference means residents of Midway can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Elephant Butte are $166,800 compared to $176,400 in Midway, a 5% gap.

Median household income in Elephant Butte is $45,179 compared to $37,955 in Midway (+19%). Elephant Butte offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Income & Cost

Cost of Living Index
Elephant Butte
81
6% cheaper
Midway
87
Median Household Income
Elephant Butte
$45,179
16% higher
Midway
$37,955

Housing

Median Rent
Elephant Butte
$1,169
Midway
Median Home Value
Elephant Butte
$166,800
5% cheaper
Midway
$176,400
Population
Elephant Butte
1,586
Midway
571

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