Cost of Living in El Paso, TX
2024 data from the Bureau of Economic Analysis
Cost Index
89.9
10.1% below avg
Housing Index
71.2
Median Income
$55,344
Median Rent
$977/mo
Cost Breakdown
Overall89.9 (-10.1%)
Housing71.2 (-28.8%)
Goods93.8 (-6.2%)
Utilities82.6 (-17.4%)
Other Services96.2 (-3.8%)
National average = 100
Income & Housing
Median Household Income
$55,344/year
Median Home Value
$153,400
Median Monthly Rent
$977/mo
Per Capita Income
$25,974/year
Compare El Paso, TX With
Frequently Asked Questions
Is El Paso, TX expensive to live in?
El Paso, TX has a cost of living index of 89.9, which is 10.1% below the national average.
How much does housing cost in El Paso, TX?
Housing costs in El Paso, TX are indexed at 71.2 compared to the national average of 100. The median monthly rent is $977.
What is the average income in El Paso, TX?
The median household income in El Paso, TX is $55,344 per year.
What is the average home price in El Paso, TX?
The median home value in El Paso, TX is $153,400.