Elida, NM
Population 151 · New Mexico
About Elida, NM
Elida is a small community located in New Mexico with a population of 151 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,818 per year, which is 31% below the national median of $75,149. The median age of 57.4 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Elida features a median home value of $46,300, which is 81% below the national median of $244,900. This makes Elida one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 107 total housing units, 92% are owner-occupied (83 units) and 8% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Elida shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.6%, above the national average of 12.4%. Workers in Elida have an average one-way commute time of 38.2 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
20.6% of Elida residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 33.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 15.2% of the population being foreign-born.
How Elida Ranks in New Mexico
Cost of Living in Elida, NM
Compared to national averages, Elida has a median household income of $51,818 (31% below the national median of $75,149). Home values average $46,300, which is 81% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Elida's income is 23% below the state average of $67,435, and home values are 80% below the state median of $233,762.
Why Live in Elida, NM?
Elida offers affordable housing with a median home value of $46,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($51,818) that falls below the national average. However, Elida’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Elida has a population of 151 with a median age of 57.4 years. Compare Elida with other cities to see how it stacks up, or explore all cities in New Mexico.
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Demographics
Racial & Ethnic Composition
Economy & Education
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Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Elida
What is the population of Elida, NM?
The population of Elida, NM is 151 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New Mexico.
What is the median household income in Elida?
The median household income in Elida, NM is $51,818 per year, which is 31% below the national median of $75,149.
What is the median home value in Elida?
The median home value in Elida, NM is $46,300, which is 81% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Elida?
The median monthly rent in Elida, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Elida?
The unemployment rate in Elida, NM is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Elida, NM a good place to live?
Elida offers a moderate cost of living, affordable housing, and a strong job market. With a population of 151 and a median age of 57.4, the city appeals to established professionals and retirees.
How educated is Elida, NM?
20.6% of residents in Elida aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Elida?
Key cost-of-living indicators for Elida, NM: median home value is $46,300 (81% below national), median rent is $0/month, and median household income is $51,818. The home-value-to-income ratio is 0.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Elida?
The poverty rate in Elida, NM is 12.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Elida, NM?
Elida's population is 33.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 15.2% of residents are foreign-born.