Cost of Living in El Paso, TX
Population 680,130 · Census ACS 2020–2024 5-year estimates
The median rent in El Paso, TX is $1,073/month, 24% lower than the Texas median and 24% lower than the U.S. median. The median home value is $184,500, 45% lower than the national median. Households earn a median of $59,745 a year, 24% lower than the state median.
Affordability
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El Paso vs. Texas vs. U.S.
| El Paso | Texas | U.S. | |
|---|---|---|---|
| Median rent | $1,073 | $1,403 | $1,413 |
| Median home value | $184,500 | $283,800 | $332,700 |
| Median household income | $59,745 | $78,476 | $80,734 |
| Homeownership rate | 60.8% | 62.6% | 65.2% |
| Bachelor's degree or higher | 28.1% | 33.8% | 35.7% |
| Poverty rate | 18.4% | 13.8% | 12.5% |
| Unemployment rate | 6.0% | 5.3% | 5.2% |
| Work from home | 8.9% | 14.4% | 15.1% |
| Median age | 34.5 | 35.6 | 38.9 |
FAQ
What is the average rent in El Paso, TX?
The median gross rent in El Paso, TX is $1,073 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in El Paso, TX?
Using the common 30% rule, renting a median-priced home takes about $42,920 a year in gross income.
Is El Paso, TX expensive to live in?
Rent there is 24% lower than the U.S. median, and the median home costs about 3.1 times the median household income.
Other cities in Texas
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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