Housing costs in Elephant Butte?
A typical home costs
$189,900, which is 43.8% less expensive than the national average of
$338,100 and 28.9% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Elephant Butte costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 24.4% cheaper than the state average of
$1,020.
Can I afford Elephant Butte?
To live comfortably in Elephant Butte (zip 87935), New Mexico, a minimum annual income of
$36,360 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Elephant Butte?
The cost of living in 87935 Elephant Butte, NM is relatively affordable compared to other areas of the country. Renting a one bedroom apartment averages about $600 a month, while a three bedroom apartment averages $850. Groceries and life essentials are also relatively inexpensive, with food costing around 15% less than other cities in the US. Utilities such as electricity and water are also competitively priced in Elephant Butte, with an average monthly cost of just over $100 each for basic services. Overall, 87935 Elephant Butte, NM offers an affordable cost of living that makes it an attractive option for those looking to settle down in the area.