Housing costs in Elephant Butte?
A typical home costs
$187,700, which is 44.5% less expensive than the national average of
$338,100 and 29.7% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Elephant Butte costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 30.8% cheaper than the state average of
$1,020.
Can I afford Elephant Butte?
To live comfortably in Elephant Butte, New Mexico, a minimum annual income of
$36,000 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Elephant Butte?
The cost of living in Elephant Butte, NM is quite affordable. The median home price is around $100,000, which is very reasonable for the area. Renters also benefit from low costs; the average rent for a two-bedroom apartment is around $700 per month. Utilities are also relatively low when compared to other areas of New Mexico. All these factors together make Elephant Butte an attractive and budget-friendly place to live.