Housing costs in Elida?
A typical home costs
$119,600, which is 64.6% less expensive than the national average of
$338,100 and 55.2% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Elida costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 32.5% cheaper than the state average of
$1,020.
Can I afford Elida?
To live comfortably in Elida, New Mexico, a minimum annual income of
$23,040 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Elida?
The cost of living in Elida, NM is relatively low compared to the national average. The median home value in Elida is approximately $45,000, which is significantly lower than the national median of about $223,000. Additionally, the median household income in Elida is about $40,000 per year while the national median stands at around $60,000 per year. Although these numbers suggest a lower quality of life than other areas of the country, they also mean that people living in Elida can enjoy a comfortable lifestyle while still saving money. Groceries and other necessities are all relatively inexpensive compared to many other cities throughout the United States.