Elephant Butte, NM
Full City Profile · New Mexico · Sierra County County
Elephant Butte, NM
At a Glance
How Elephant Butte Compares to the U.S. Average
Each bar shows Elephant Butte's value as a percentage of the national average (100% = U.S. avg)
Is Elephant Butte a Good Place to Live?
Economy & Jobs
Elephant Butte residents earn a median household income of $45,179 , which is 40% below the national average of $75,149. Per capita income is $36,575. The unemployment rate stands at 3.7% (3% above the U.S. rate of 3.6%). 3.2% of residents live below the poverty line. The area is home to 386 business establishments, including 45 restaurants.
Housing & Cost of Living
The median home value in Elephant Butte is $166,800 , 41% below the national median of $281,900. Zillow estimates the typical home at $241,448. Median rent is $1,169/month, with 51.0% of renters spending more than 30% of income on housing. The cost of living index is 92.2 (100 = national average). The median home was built in 1992.
Education
19.0% of adults in Elephant Butte hold a bachelor's degree or higher (44% below the national average). 97.2% have completed high school. Local schools score 4.5/10 in standardized testing.
Climate & Weather
Elephant Butte has an average annual temperature of 62°F (16°C). Winters average 42°F in January while summers reach 81°F in July. Annual precipitation totals 9.2 inches.