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What’s the Cost of Living in El Paso, TX?

Finding an affordable place to live is essential to your retirement. El Paso is affordable, with the average cost of living at 3 percent below the national average.

Another factor that makes El Paso a reasonable place to live is that Texas residents do not have to pay income tax, which can add up in savings. With retirement, it’s always a good idea to find ways to save money to make the most of your nest egg. Let’s break down the costs to live by categories.


El Paso home prices have increased 2.2 percent from last year, and Zillow predicts they will continue to rise. The average home value in El Paso is $113,800. As of February 2017, El Paso apartments rent for an average of $795 a month in the city. One-bedroom apartments average $635 a month while two-bedroom apartments average $803.

Electricity in Texas can be expensive because of the extreme heat. According to the US Energy Information Association, Texas homes use 26 percent more electricity than the national average. The cost of Texas electricity annually averages $1,800. Some utility providers utilize wind turbines for energy efficiency and offer free electricity at night. If you use major appliances such as the washer, dryer, and dishwasher during the evening hours, you can save significantly.

Food and Groceries

El Paso residents pay about the same for the essential items, and other items are more expensive than the national average. For example, El Paso residents pay on average $2.58 for a gallon of milk, $7.99 for a pizza, and $5.10 for a pound of ground beef.

Cars and Other Transportation

Transportation costs in the El Paso area (or Southwest region) are in line with the national average, with residents paying about 18 percent of income to get around the city. Retirees probably spend less since many only have one vehicle and no longer need to commute daily to work. Gas prices average around $1.96 - $2.00 a gallon. Seniors can get a monthly public transportation pass for a reduced rate of $10. Auto insurance rates in Texas are higher than the national average. The average annual premium in El Paso is $905.64. Rates will vary based on your driving record, type of vehicle, and type of coverage.

Senior Health Care

The cost of senior care is lower than the national average. Assisted living facilities costs are significantly lower in El Paso averaging $24,000 annually, while the national average is $46,332. The national average price for nursing home care is $80,300 for a semi-private private room, while private rooms average $91,250. In El Paso, the average nursing home rates are significantly lower with averages of $55,298 and $66,795 respectively. Adult day care and home health care services are also lower than the national average.

As you look to retire, you can save money by shopping around for the best prices for utilities, housing, insurance, and food. You can also look to live somewhere close to shops, attractions, and other necessities.

Learn more about El Paso Retirement Planning here:

How Much Does It Cost to Retire in El Paso, TX?

El Paso Financial Advisors

El Paso Elder Law Attorneys

El Paso Senior Realtors

El Paso Senior Movers and Downsizers

El Paso Neighborhood Guide

Live Like a Local in El Paso

El Paso Demographics and Lifestyle

Find assisted living in El Paso near you.