Cost of Living: New York, NY vs El Paso, TX (2026)

New York

New York
166
VS

El Paso

Texas
67

New York is 148% more expensive than El Paso.

$1,779/mo ↑ 71%
Median Rent
$1,041/mo ↓ 41%
$79,713/yr ↑ 36%
Median Income
$58,734/yr ↓ 26%
$751,700 ↑ 338%
Home Value
$171,700 ↓ 77%
$1,837/mo ↑ 76%
Owner Costs
$1,044/mo ↓ 43%
8,516,202
Population
678,147

Tax Comparison

10.9%
Income Tax
0%
4.0%
State Sales Tax
6.25%
1.62%
Property Tax
1.6%

Affordability

26.8%
rent-to-income
Affordability
21.3%
rent-to-income

Detailed Comparison

When comparing New York, NY and El Paso, TX, the overall cost of living indices are 166 and 67 respectively (national median = 100). Rent is $738/month cheaper in El Paso, saving renters about $8,856/year.

Median household income is $20,979/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $171,700 in El Paso.

Texas has no state income tax, giving El Paso residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

New York vs El Paso — common questions

Is New York or El Paso cheaper to live in?
Based on our cost index, El Paso is cheaper to live in with an index of 67 compared to 166 (US average = 100).
What is the rent difference between New York and El Paso?
Median rent in New York is $1,779/month and in El Paso it's $1,041/month — a difference of $738/month.
Which city has higher income, New York or El Paso?
Median household income is $79,713 in New York and $58,734 in El Paso. Median household income is $20,979/year higher in New York.
How do taxes compare between New York and Texas?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to New York or El Paso?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/mo, while El Paso has a cost index of 67 with rent of $1,041/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View New York details → View El Paso details →

More Comparisons

Other cost of living comparisons for New York and El Paso

New York vs. Allen New York vs. Los Angeles New York vs. Tuscaloosa New York vs. Chicago New York vs. Tyler New York vs. Houston El Paso vs. Nashville El Paso vs. Washington El Paso vs. Oklahoma City El Paso vs. Boston El Paso vs. Denver El Paso vs. Las Vegas