El Paso, TX Economy


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El Paso, Texas is an exciting city located in the southwestern United States. It is home to a diverse population of more than 681,000 people and offers a unique mix of cultures. The median rent for a two-bedroom apartment in El Paso is $1,060 compared to the national average of $1,430. Additionally, the Grocery Cost Index in El Paso is 92 compared to 100 in the US. This makes it clear that El Paso's cost of living is lower than many other cities across the country.
The city of El Paso is home to several big businesses such as Southwest University Park, Western Refining Inc., Eureka Resources Inc., and El Paso Electric Co. These companies employ thousands and provide excellent economic opportunities for those who live there. Residents also enjoy access to great shopping and entertainment venues like Bassett Place Mall and Sunland Park Racetrack & Casino. Whether you're looking for an affordable place to live or just want to experience a unique culture, El Paso has something for everyone.

El Paso has an unemployment rate of 7.4%. The US average is 6.0%.

El Paso has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.

Tax Rates for El Paso
- The Sales Tax Rate for El Paso is 8.2%. The US average is 7.3%.
- The Income Tax Rate for El Paso is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for El Paso
- The average income of a El Paso resident is $20,050 a year. The US average is $28,555 a year.
- The Median household income of a El Paso resident is $51,325 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEl Paso, TexasUnited States
  Population by Occupation
Reviews for El Paso
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El Paso has been my home for the majority of my life. I have raised a family here, and have most of my relatives here in town. Through the years, I have noticed how EP  More

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Over 2 years ago

I lived in El Paso most of my life, over 40 yrs! I think this city has grown too much and the crime is growing with it. It is a dirty city and people don't care where  More

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El Paso Texas might not be a mega-metropolis with the New York and LA style entertainment, but here are some Pros about this bi-national, multi-cultural mid-sized city.   More

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