Housing costs in El Paso?
A typical home costs
$198,800, which is 41.2% less expensive than the national average of
$338,100 and 33.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in El Paso costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 30.6% cheaper than the state average of
$1,280.
Can I afford El Paso?
To live comfortably in El Paso Te Metro Area, Texas, a minimum annual income of
$38,160 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about El Paso?
The cost of living in El Paso, TX Metro Area is 81.8, which is much lower than the US average of 100. This means that El Paso offers a more affordable cost of living than the national average. Additionally, the median value of a house in El Paso is $198,800 compared to the US average of $338,100. This difference makes it easier for people in El Paso to purchase a home without taking on a large financial burden.