Housing costs in El Paso?
A typical home costs
$212,300, which is 37.2% less expensive than the national average of
$338,100 and 28.7% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in El Paso costs
$960 per month, which is 25.0% cheaper than the national average of
$1,280 and 2.1% cheaper than the state average of
$980.
Can I afford El Paso?
To live comfortably in El Paso (zip 79920), Texas, a minimum annual income of
$40,680 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about El Paso?
The cost of living in 79920 El Paso, TX is quite affordable. According to BestPlaces, the city has an overall cost of living index that is 8.5% lower than the U.S. average. This means that necessities such as food, housing, healthcare and transportation are generally cheaper than they are in other parts of the country. Additionally, the median home value for this zip code is $146,400 with a monthly mortgage payment averaging around $875 per month - significantly lower than most other places across the nation. With great deals on rent and low tax rates, El Paso can be a great place to live and work while spending less on daily expenses.