Cost of Living in Elida, NM
Population: 151 | New Mexico
Elida is 24% less expensive than the national average.
Cost of Living in Elida, NM: What You Need to Know
With a cost of living index of 76, Elida, NM is a very affordable place to live. Living here is 24% cheaper than the national average and 10% below the New Mexico state average of 86. Elida is a small community of 151 residents.
The median household income in Elida is $51,818, which is 31% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $51,818
- vs US Median ($75,149)
- -31%
Housing
- Median Home Value
- $46,300
- Median Monthly Housing Cost
- $395/mo