Texas · Population 678,147 · Updated March 2026
How far your income goes in El Paso
State-level tax rates that affect your costs
El Paso is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 67 (where 100 equals the national median), El Paso residents can expect to pay median rent of $1,041/month while earning a median household income of $58,734/year.
The median home value in El Paso, TX is $171,700, with typical monthly owner costs around $1,044 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Texas has no state income tax, which can represent significant savings compared to high-tax states. Combined with a 6.25% sales tax rate and 1.6% effective property tax rate, the overall tax environment helps keep costs manageable in El Paso.
Common questions about living costs in El Paso
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