Cost of Living in El Paso, TX
El Paso has a cost of living index of 84 (100 = national average), making it significantly more affordable than the national average. The median household income is $47,568 and the median home price is $210,000.
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El Paso at a Glance
Population
677,456
Cost of Living Index
84
Median Income
$47,568
Median Home Price
$210,000
Property Tax Rate
2.14%
Sales Tax Rate
8.25%
Rent Index
72
State
Texas
Living in El Paso
El Paso offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $210,000 is well within reach for many families.
The combined sales tax rate in El Paso is 8.25%, and the effective property tax rate is 2.14%. Property taxes are above the national average, which is an important consideration for homebuyers.