Cost of Living in El Paso, Texas
El Paso has a population of about 680,130. The median household income is $59,745, median gross rent is $1,073/month, and the median home value is $184,500. Below is how El Paso compares to the US.
Is El Paso expensive to live in?
Compared with the national median, rent in El Paso is 35% below the national median and home values are 51% below the national median. Household income here is 29% below the national median. Monthly rent represents roughly 22% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in El Paso?
The median gross rent in El Paso, Texas is $1,073 per month (US Census ACS).
What is the median home price in El Paso?
The median home value in El Paso is $184,500.
How much do people earn in El Paso?
The median household income in El Paso is $59,745 per year.
Data source: U.S. Census Bureau, 2024 American Community Survey (ACS) 5-Year Estimates. Last updated 2026-07-11.