Housing costs in El Paso?
A typical home costs
$141,800, which is 58.1% less expensive than the national average of
$338,100 and 52.4% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in El Paso costs
$840 per month, which is 34.4% cheaper than the national average of
$1,280 and 16.7% cheaper than the state average of
$980.
Can I afford El Paso?
To live comfortably in El Paso (zip 79915), Texas, a minimum annual income of
$27,000 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about El Paso?
The cost of living in El Paso, TX is relatively low compared to other areas of the country. The median home price sits around $135,000, making it an affordable option for those looking to purchase a home. Rent is also quite reasonable with a one-bedroom apartment averaging between $600 and $700 per month. The cost of groceries and utilities are also quite reasonable, making it an attractive option for those on a tight budget. Additionally, taxes are low in El Paso which helps to keep the overall cost of living down. All in all, El Paso provides its residents with a relatively affordable place to live.