El Paso is 39% cheaper than Raleigh.
When comparing El Paso, TX and Raleigh, NC, the overall cost of living indices are 67 and 110 respectively (national median = 100). Rent is $427/month cheaper in El Paso, saving renters about $5,124/year.
Median household income is $23,690/year higher in Raleigh. Home values also differ significantly — the median in El Paso is $171,700 compared to $377,800 in Raleigh.
Texas has no state income tax, giving El Paso residents a significant tax advantage over North Carolina's 4.5% rate.
El Paso vs Raleigh — common questions
Other cost of living comparisons for El Paso and Raleigh