Is El Paso, TX cheaper than New York, NY?

Based on cost of living data, El Paso, TX is 47.6% cheaper than New York, NY. This translates to saving $3571 per month.

What salary do I need in El Paso, TX to live like I do in New York, NY?

If you earn $150,000 in New York, NY, you'd need approximately $107,142.857 in El Paso, TX to maintain the same standard of living.

How does housing cost compare between New York, NY and El Paso, TX?

Housing in El Paso, TX is 73.5% cheaper than in New York, NY. For a two-bedroom apartment, rent is $1,160/month in El Paso, TX compared to $3,590/month in New York, NY.

How much can I save per month by moving from New York, NY to El Paso, TX?

Moving from New York, NY to El Paso, TX could save you approximately $3571 per month, or $42857 per year, based on a $150,000 salary.

MoveNumbers

New York, NY

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El Paso, TX

Cost of Living Comparison 2026

Current salary in New York, NY

Numbers update automatically as you type

You'd save $3.6K/month moving to El Paso, TX

$150.0K in your current city equals $107.1K in El Paso, TX

Rent data from HUD ZIP-level estimates · COL index from New York-Newark-Jersey City, NY-NJ-PA area

Overall Cost

↓ 47.6%

Less expensive

Monthly Impact

$3,571

Savings

Annual Impact

$42.9K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

New York, NY

Population:8337K

Cost Index:100

Median Home:$1.05M

El Paso, TX

Population:679K

Cost Index:52

Median Home:$216K

New York, NY

The Empire State

8.3M

Population

State Tax

Yes

Climate

Humid subtropical

Notable Facts

•Most populous city in the US
•Major global financial center
•World-renowned cultural hub

Major Industries

FinanceReal EstateTechnologyMedia

El Paso, TX

The Lone Star State

679K

Population

State Tax

No Income Tax

Located in Texas, this city has a population of 679K residents.

💡 Advantage: Texas has no state income tax!

Cost Breakdown by Category

Annual spending: New York, NY vs El Paso, TX

Category	New York, NY	El Paso, TX	Difference	Change
🏠Housing	$7,648/mo	$2,027/mo	↓ $5,621less	73.5%
📦Other	$2,034/mo	$1,641/mo	↓ $393less	19.3%
🚗Transportation	$1,602/mo	$1,243/mo	↓ $359less	22.4%
🛒Groceries	$1,165/mo	$939/mo	↓ $226less	19.4%
🏥Healthcare	$688/mo	$502/mo	↓ $186less	27.0%
⚡All Utilities	$600/mo	$486/mo	↓ $114less	18.9%

🏠Housing

↓ 73.5%

New York, NY

$7,648

El Paso, TX

$2,027

Difference

$5,621

less

📦Other

↓ 19.3%

New York, NY

$2,034

El Paso, TX

$1,641

Difference

$393

less

🚗Transportation

↓ 22.4%

New York, NY

$1,602

El Paso, TX

$1,243

Difference

$359

less

🛒Groceries

↓ 19.4%

New York, NY

$1,165

El Paso, TX

$939

Difference

$226

less

🏥Healthcare

↓ 27.0%

New York, NY

$688

El Paso, TX

$502

Difference

$186

less

⚡All Utilities

↓ 18.9%

New York, NY

$600

El Paso, TX

$486

Difference

$114

less

🏛️ Local Income Taxes

New York, NY: NYC Income Tax$5,689/yr (3.8%)

El Paso, TX has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$3,120

To$800

↓ $2,320

1 Bed

From$3,270

To$990

↓ $2,280

2 Bed

From$3,590

To$1,160

↓ $2,430

3 Bed

From$4,500

To$1,590

↓ $2,910

New York, NYZIP-level data

1BR range: $2,260–$3,990/mo

El Paso, TXZIP-level data

1BR range: $920–$1,330/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$13,737

Monthly in New York, NY

$6,838

Monthly in El Paso, TX

$6,899

Difference

Home Values

New York

El Paso

$1.05M

Median Value

$216K

↓ -0.1%

YoY Change

↑ +1.1%

↓ -5.9%

5-Year Change

↑ +42%

$471K - $3.49M

Price Range

$137K - $405K

Homes in El Paso are 79% less expensive than New York

Calculate payment - New York Calculate payment - El Paso

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $9.5K

Per year

Monthly Difference

$795

More take-home

Effective Rate Diff

6.4%

Rate difference

New York, NY

Federal Income Tax

Effective: 18.9%

$25.5K

New York State Tax

Effective: 6.4%

$9.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.0%

$46.6K

Take-Home Pay

$8,620/month

$103.4K

El Paso, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

New York, NY Tax Rates

Sales Tax:8.8%

Property Tax:1.2%

El Paso, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.