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: $250000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $55710

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to El paso, TX, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.