Cost of Living in El paso, TX
Housing
The housing market plays a significant role in determining the cost of living in El paso, TX.
- Housing Index: 85.0 / 100
- Median Home Price is: $250,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1300 per month
Considering the housing dynamics in El paso, TX, the housing index of 85.0 indicates that homes here are more affordable relative to the national average. The median home price of 250000 offers a competitive option for potential homeowners. Additionally, renters can expect to pay approximately 1200 for a 2-bedroom apartment or 1300 for a house, making this place attractive for families and individuals alike. It's imperative to reflect on your lifestyle preferences and financial plan when making your decision for such a location.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in El paso, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in El paso, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if El paso is a financially viable option for your relocation.