Housing costs in El Paso?
A typical home costs
$192,600, which is 43.0% less expensive than the national average of
$338,100 and 5.9% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in El Paso costs
$650 per month, which is 54.5% cheaper than the national average of
$1,430 and 29.2% cheaper than the state average of
$840.
Can I afford El Paso?
To live comfortably in El Paso (zip 72045), Arkansas, a minimum annual income of
$37,080 for a family, and
$21,200 for a single person is recommended.
What does A.I. say about El Paso?
The cost of living in 72045 El Paso, AR is reasonably low compared to the national average. The overall cost of living index rating for this area is about 6% lower than the U.S. average, meaning most goods and services are relatively cheaper than in other areas. Housing costs in particular are significantly more affordable with a median home value that’s nearly 30% less expensive than the national median. Groceries, utilities, and health care costs are also below average. All together, this makes El Paso a great place to live if you’re looking for an affordable place to call home.