Cost of Living in El Paso, TX
Population: 678,147 • 2026 Data
$58,734
Median Household Income
-24% vs national
$1,041
Median Monthly Rent
-23% vs national
$171,700
Median Home Value
-49% vs national
6.0%
Unemployment Rate
Housing in El Paso
The median home value in El Paso, TX is $171,700. Monthly rent for a typical unit averages $1,041, while total monthly housing costs (including utilities and insurance) average $1,044.
Rent-to-income ratio: 21.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in El Paso, TX is $58,734. The unemployment rate stands at 6.0%, with a labor force of 328,743 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.