Cost of Living in Elida, NM
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
62.1
100 = national avg
-37.9 vs national average
Living Wage (1 Adult)
$27,335
per year
Living Wage (Family of 4)
$64,611
per year
Cost Index by Category
Housing22.6
Food89.6
Transportation79.2
Healthcare91.7
Utilities78.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$772
per month
2 Bedroom
$975
per month
The overall cost of living index in Elida is 62.1, which is 37.9% below the national average. Housing costs are below the national average at an index of 22.6. A single adult needs to earn approximately $27,335 per year to cover basic expenses.