Housing costs in El Paso?
A typical home costs
$264,400, which is 21.8% less expensive than the national average of
$338,100 and 11.2% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in El Paso costs
$1,130 per month, which is 11.7% cheaper than the national average of
$1,280 and 13.3% more than the state average of
$980.
Can I afford El Paso?
To live comfortably in El Paso (zip 79912), Texas, a minimum annual income of
$50,760 for a family, and
$38,000 for a single person is recommended.
What does A.I. say about El Paso?
The cost of living in El Paso, TX (79912) is very affordable. It is one of the most affordable cities in the nation, with a lower-than-average housing and transportation costs. The median home value index for El Paso is around $95,500, and are much lower than the national average of $193,500. The median rent for an apartment is also below the national average at $843 per month compared to $1,012 nationally. Transportation expenses are also quite low in El Paso as the city has excellent public transit systems and plenty of bike paths for commuters to take advantage of. All these factors make El Paso a great option for people looking to save on living expenses.