Calculate using real El Paso data. Median home price: $195,000. Property tax rate: 1.92%.
El Paso, TX has a cost of living index of 82, where 100 represents the national average. This means living in El Paso is 18% less expensive the national average.
The median household income in El Paso, TX is $48,866. Combined with a cost of living index of 82, this provides a picture of purchasing power in the area.
The median home price in El Paso, TX is $195,000 with a property tax rate of 1.92%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $1,448.