El Paso, TX Cost Of Living
Cost Of Living In El Paso, TX Summary
Cost of living in El Paso research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means El Paso is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Texas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in El Paso is 88, with 100 being the average.
The cost of living index in El Paso is 0.9x lower than the national average.
El Paso ranks as the #180 cheapest in Texas out of 405.
El Paso ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in El Paso is $137,600.
The median income in El Paso is $51,325.
Table Of Contents
El Paso's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in El Paso, TX?
According to the most recent data on the cost of living, El Paso has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to Texas, El Paso has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in El Paso ranks as #180 most affordable out of the 405 places we measured in Texas. By definition, that implies El Paso ranks as the #225 most expensive place in the Lone Star State.
For more reading on life in El Paso, check out:
- Living In El Paso
- El Paso Crime Report
- Search Homes For Sale In El Paso, TX
In Texas
In America
El Paso Cost Of Living Vs. Texas
Six factors go into calculating the cost of living index in El Paso. Here is how it fairs on each of the criteria:
The Services index in El Paso is 98.
The Groceries index in El Paso is 110.
The Health index in El Paso is 99.
The Housing index in El Paso is 68.
The Transportation index in El Paso is 101.
The Utilities index in El Paso is 89.
| Living Expense | El Paso | Texas | National Average | |
|---|---|---|---|---|
| Overall | 88 | 92 | 100 | |
| Services | 98 | 96 | 100 | |
| Groceries | 110 | 93 | 100 | |
| Health | 99 | 93 | 100 | |
| Housing | 68 | 84 | 100 | |
| Transportation | 101 | 92 | 100 | |
| Utilities | 89 | 104 | 100 | |
El Paso, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in El Paso is $137,600.
The Median Rent in El Paso is $910.
The Median Income in El Paso is $51,325.
The Home Value To Income in El Paso is 2.7x.
The Rent To Monthly Income in El Paso is 0.21x.
| Statistic | El Paso | Texas | United States |
|---|---|---|---|
| Median Home Value | $137,600 | $202,600 | $244,900 |
| Median Rent | $910 | $1,146 | $1,163 |
| Median Income | $51,325 | $67,321 | $69,021 |
| Home Value To Income | 2.7x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
El Paso, TX Costs By Category
Detailed El Paso Services Costs Vs. Texas
Detailed El Paso Groceries Costs Vs. Texas
Detailed El Paso Health Costs Vs. Texas
Detailed El Paso Transportation Costs Vs. Texas
Detailed El Paso Utilities Costs Vs. Texas
El Paso SnackAbility
/10
Cost Of Living In Cities Around El Paso
The cost of living varies in the cities and towns around El Paso. Here's a quick look at the cost of living in the most populous nearby places:
Socorro, TX has a cost of living index of 86, 1.0x El Paso.
Sunland Park, NM has a cost of living index of 88, 1.0x El Paso.
Fort Bliss, TX has a cost of living index of 110, 1.2x El Paso.
| City | Population | Cost Of Living | Vs. El Paso |
|---|---|---|---|
| Socorro, TX | 34,687 | 86 | 1.0x |
| Sunland Park, NM | 16,488 | 88 | 1.0x |
| Fort Bliss, TX | 14,226 | 110 | 1.2x |
| Chaparral, NM | 14,098 | 85 | 1.0x |
| Anthony, NM | 8,748 | 85 | 1.0x |
| Homestead Meadows North, TX | 6,521 | 84 | 1.0x |
| Santa Teresa, NM | 6,037 | 93 | 1.1x |
