Housing costs in Elida?
A typical home costs
$79,200, which is 76.6% less expensive than the national average of
$338,100 and 70.3% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Elida costs
$770 per month, which is 24.5% cheaper than the national average of
$1,020 and 11.7% cheaper than the state average of
$860.
Can I afford Elida?
To live comfortably in Elida (zip 88116), New Mexico, a minimum annual income of
$15,120 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Elida?
The cost of living in Elida, NM 88116 is generally considered to be lower than the national average. The median home price in Elida is roughly $61,500, which is much lower than the national average of $200,000. This lower cost of housing makes Elida a great place for those looking for an affordable place to live. Additionally, the overall cost of living in Elida is approximately 8% lower than the national average due to relatively low transportation costs and affordable grocery items. Overall, Elida provides a quality of life that is surprisingly low-cost and gives its residents access to the amenities they need.