Housing costs in El Paso?
A typical home costs
$145,400, which is 57.0% less expensive than the national average of
$338,100 and 51.1% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in El Paso costs
$880 per month, which is 31.3% cheaper than the national average of
$1,280 and 11.4% cheaper than the state average of
$980.
Can I afford El Paso?
To live comfortably in El Paso (zip 79930), Texas, a minimum annual income of
$27,720 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about El Paso?
The cost of living in 79930 El Paso, TX is quite affordable. The median home value is $125,700, which is lower than the national average. Additionally, rental prices are relatively low with an average price per month of around $795. Compared to other cities in Texas such as Dallas and Houston, the cost of living in El Paso is noticeably cheaper. Grocery and miscellaneous expenses are also low; a local family could expect to spend around $50 for a weekly shop. Furthermore, the tax rate in El Paso is 8.25%, one of the lowest rates in the state. All this makes El Paso an attractive option for those looking for a more affordable lifestyle without sacrificing amenities or quality of life.