Housing costs in El Paso?
A typical home costs
$218,800, which is 35.3% less expensive than the national average of
$338,100 and 26.5% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in El Paso costs
$1,240 per month, which is 3.1% cheaper than the national average of
$1,280 and 21.0% more than the state average of
$980.
Can I afford El Paso?
To live comfortably in El Paso (zip 79938), Texas, a minimum annual income of
$41,760 for a family, and
$42,000 for a single person is recommended.
What does A.I. say about El Paso?
The cost of living in El Paso, TX (79938) is quite reasonable. The median home value is $118,200, and the median rent is $862 per month. The overall cost of living index in El Paso is just 84.4, which is 16% lower than the national average. Groceries, utilities, and health care all tend to be more affordable than the national average as well. This makes El Paso a great place to live for those looking for a reasonable cost of living without sacrificing on quality of life.