Cost of Living in Elephant Butte, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.5
100 = national avg
-11.5 vs national average
Living Wage (1 Adult)
$38,947
per year
Living Wage (Family of 4)
$92,057
per year
Cost Index by Category
Housing106.2
Food84.5
Transportation69.1
Healthcare87.6
Utilities92.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$765
per month
2 Bedroom
$1,004
per month
The overall cost of living index in Elephant Butte is 88.5, which is 11.5% below the national average. Housing costs are above the national average at an index of 106.2. A single adult needs to earn approximately $38,947 per year to cover basic expenses.