Housing costs in El Paso?
A typical home costs
$0, which is 100.0% less expensive than the national average of
$338,100 and 100.0% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in El Paso costs
$640 per month, which is 55.2% cheaper than the national average of
$1,430 and 31.3% cheaper than the state average of
$840.
Can I afford El Paso?
To live comfortably in El Paso, Arkansas, a minimum annual income of
$37,080 for a family, and
$20,800 for a single person is recommended.
What does A.I. say about El Paso?
El Paso, AR has an average cost of living that is below the national average. According to the US average Cost of Living Index, El Paso’s index is 100, which is lower than the US average. The median value of a house in El Paso is also lower than the national average, making it a more affordable place to live. This makes El Paso a viable option for those looking for a place to settle with their family. The low cost of living combined with the relatively low house values presents an attractive opportunity for those seeking to get more out of their housing budget.