What Salary Do You Need to Live in El Paso, TX?
To live comfortably in El Paso, a household needs to earn roughly $45,000/year. That's about $3,750/month before taxes.
The Number: $45,000/year
At $45,000 per year, a household in El Paso can afford median-priced rental housing at roughly 28% of gross income.
This is based on El Paso's median monthly rent of $1,066 and the 28% housing guideline. Source: Census ACS 2024.
El Paso at a Glance
Sources: Census ACS 2024, Tax Foundation.
For Single Residents
A single person can live comfortably in El Paso on roughly $30,000/year. That's about $2,500/month before taxes.
Salary Questions About El Paso
The median monthly rent is $1,066. Using the 30% guideline, you need about $43,000/year to afford this comfortably.
The median home price is $209,600. With a 20% down payment, you would need roughly $41,920 saved and a household income to support the mortgage payments.
The median household income is $59,932/year. Our recommended salary of $45,000/year is near the median, reflecting a comfortable (not extravagant) standard of living.