Elida, NM is a small town located in New Mexico not too far from the Texas border. It has a much lower cost of living than the US average, with 2 bedroom rent coming in at $770 compared to the national average of $1,430. Groceries are also much cheaper here with the grocery cost index being 91 versus 100 in the US. Despite its small size Elida offers plenty for visitors with many local businesses and attractions to explore. Popular companies include The Elida Feed & Grain Store which sells local farm products, Elizabeth's Café which offers delicious Mexican cuisine, and St Leonards Trading Post where visitors can find souvenirs and handmade crafts. On top of this there are plenty of outdoor activities nearby including hiking trails, fishing spots, and amazing views from Lookout Mountain Park in nearby Roswell. All these things make Elida a great spot to visit for both locals and tourists alike!
Elida has an unemployment rate of 6.1%. The US average is 6.0%.
Elida has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Elida
- The Sales Tax Rate for Elida is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Elida is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Elida
- The average income of a Elida resident is $18,287 a year. The US average is $28,555 a year.
- The Median household income of a Elida resident is $46,875 a year. The US average is $69,021 a year.