Are you wondering about the cost of living in El Paso? Aside from not paying state income taxes, El Paso dwellers may easily afford to purchase or rent a property since home prices in many cities are lower than the US average.
If you’re relocating to this Texas city, you’ll discover that it is relaxed, slow-paced, and full of friendly folks. You will also notice that it is the type of city that grows on you.
Cost of Living in El Paso
El Paso has a score of 81/100 which means it is 19 points less than the US average. This figure makes sense because nearly every variable in arriving the average cost of living in the city is below average. Though the gap is not that wide on most costs, two indices heavily favor El Paso, i.e., healthcare and housing.
Below we discuss some of the different variables that constitute the cost of living in El Paso.
El Paso real estate is a very profitable investment prospect for most people. The city’s low vacancy rate, steady job growth, affordability, and sizable youthful population contribute to this. Its metro area has around 900,000 people, while the city itself has a population of nearly 700,000. If you need to sell your house El Paso quickly or to a cash buyer, you can check out united home offer for great deals.
The median price of all residences in El Paso is $187,950, with a median rent price of $1,175. El Paso property values have increased by over 4.6 percent in the last year, a significant number. House prices are expected to grow by 4.2 percent within the following year.
Essential utilities, including electricity, heating, cooling, water, and waste disposal, cost $145.42 a month on average for an 85m2 apartment. To get unlimited data for your internet use at a speed of 60 Mbps or more will cost you about $55.35 monthly.
For local calls over a prepaid mobile tariff, budget $0.02 for every 1 minute of talk time.
A visit to the doctor’s office will cost about $81.8, while monthly health insurance premiums are approximately $500. However, this rate depends on your package, age, and existing medical conditions.
Texas is primarily a driving state, and gas is relatively cheaper than in other states at $0.57 per liter/0.26 gallon. For a monthly ticket for El Paso public transport system, $47.8 is what you need. Each fare costs $1.49 if you don’t opt into the monthly plan.
A 5 minutes/8-kilometer taxi ride goes for $12.8 on average.
This Texas city is a fantastic place to eat Tex-Mex cuisine. This is unsurprising given Sun City’s location in the far west of Texas, right across the border from Juarez, Mexico. The city also offers affordability when grocery shopping with a loaf of bread priced at $0.53, quart of regular milk $0.16, and 0.15kg of chicken fillet costing $0.69