Elephant Butte, NM (87935) is a city in Sierra County with a population of 2,827 people. It offers an affordable living experience with a two-bedroom rent of just $820, which is much lower than the US average of $1,430. Additionally, grocery costs are also lower than the national average index of 100 - in Elephant Butte, the grocery cost index is 94.
The city features a variety of local businesses such as The Water Store and Alamo Mart for convenience items and groceries. For something to do after hours, local establishments like Tio Juan's Margaritas and El Prado Restaurant provide delicious Mexican dishes and drinks that locals love. There is also an art gallery called La Palomas Art Gallery where visitors can check out unique pieces from local artists. The Elephant Butte Farmers Market is held every Sunday morning from May through October where locals can purchase fresh fruits and vegetables directly from farmers in the area.
Elephant Butte (zip 87935) has an unemployment rate of 9.4%. The US average is 6.0%.
Elephant Butte (zip 87935) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Elephant Butte (zip 87935)
- The Sales Tax Rate for Elephant Butte (zip 87935) is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Elephant Butte (zip 87935) 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 Elephant Butte (zip 87935)
- The average income of a Elephant Butte (zip 87935) resident is $20,805 a year. The US average is $28,555 a year.
- The Median household income of a Elephant Butte (zip 87935) resident is $47,736 a year. The US average is $69,021 a year.