El Paso, TX Metro Area is known for its affordable living costs. The 2 bedroom rent is $980 compared to the US average of $1,430. Similarly, grocery cost index in El Paso is 91 versus 100 in the US. On top of an affordable lifestyle, El Paso has a vibrant culture with plenty of attractions and businesses to explore. Popular companies like Martin Auto Museum and Frito-Lay have their headquarters located here along with attractions like Hueco Tanks State Park & Historic Site and Magoffin Home State Historic Site for history buffs. Additionally, there are a wide variety of restaurants and shops that cater to people from all walks of life. El Paso provides an affordable living experience without sacrificing quality experiences and entertainment.
El Paso Metro Area has an unemployment rate of 7.8%. The US average is 6.0%.
El Paso Metro Area has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.
Tax Rates for El Paso Metro Area
- The Sales Tax Rate for El Paso Metro Area is 8.1%. The US average is 7.3%.
- The Income Tax Rate for El Paso Metro Area is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for El Paso Metro Area
- The average income of a El Paso Metro Area resident is $18,684 a year. The US average is $28,555 a year.
- The Median household income of a El Paso Metro Area resident is $50,849 a year. The US average is $69,021 a year.