Cost of living in Elephant Butte, New Mexico

Elephant Butte, New Mexico has about 1,790 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $176,800.

HUD's fair-market rent for a 2-bedroom in Sierra County is $1,014 a month. That is the county number, not an apartment listing in Elephant Butte. It runs from October 2026 through September 2027.

New Mexico's prices sit at 92.2 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.

New Mexico taxes wages. A typical combined sales tax is 7.7% as of January 1, 2026. That mix is statewide, not Elephant Butte's exact store tax.

In July 2026, a typical New Mexico home paid 16.09¢ per kilowatt-hour. That is a state average from EIA, not Elephant Butte's bill.

EIA does not publish a New Mexico gasoline price. For the week of October 12, 2026, the Gulf Coast (PADD 3) all-grades price was $3.954 a gallon. At 12,000 miles a year and 25 mpg, the index counts that as $1,897.92 a year. Those miles are our standard, not a Census figure, and every town in New Mexico shares this price.

Among 117 places we list in New Mexico with a rent figure, 38 have higher typical rent than Elephant Butte.