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 $1786 per month.

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

If you earn $75,000 in New York, NY, you'd need approximately $53,571.429 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 $1786 per month, or $21429 per year, based on a $75,000 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 $1.8K/month moving to El Paso, TX

$75.0K in your current city equals $53.6K 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

$1,786

Savings

Annual Impact

$21.4K

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	$5,959/mo	$1,579/mo	↓ $4,380less	73.5%
📦Other	$1,585/mo	$1,278/mo	↓ $307less	19.3%
🚗Transportation	$1,248/mo	$969/mo	↓ $280less	22.4%
🛒Groceries	$908/mo	$732/mo	↓ $176less	19.4%
🏥Healthcare	$536/mo	$391/mo	↓ $145less	27.0%
⚡All Utilities	$467/mo	$379/mo	↓ $88.56less	18.9%

🏠Housing

↓ 73.5%

New York, NY

$5,959

El Paso, TX

$1,579

Difference

$4,380

less

📦Other

↓ 19.3%

New York, NY

$1,585

El Paso, TX

$1,278

Difference

$307

less

🚗Transportation

↓ 22.4%

New York, NY

$1,248

El Paso, TX

$969

Difference

$280

less

🛒Groceries

↓ 19.4%

New York, NY

$908

El Paso, TX

$732

Difference

$176

less

🏥Healthcare

↓ 27.0%

New York, NY

$536

El Paso, TX

$391

Difference

$145

less

⚡All Utilities

↓ 18.9%

New York, NY

$467

El Paso, TX

$379

Difference

$88.56

less

🏛️ Local Income Taxes

New York, NY: NYC Income Tax$2,782/yr (3.7%)

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.

$10,703

Monthly in New York, NY

$5,328

Monthly in El Paso, TX

$5,375

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 $75.0K salary

Tax Savings

↑ $4.4K

Per year

Monthly Difference

$370

More take-home

Effective Rate Diff

5.9%

Rate difference

New York, NY

Federal Income Tax

Effective: 13.8%

$8.3K

New York State Tax

Effective: 5.9%

$4.4K

FICA Taxes

Social Security + Medicare

$5.7K

Total Taxes

Effective: 24.7%

$18.5K

Take-Home Pay

$4,707/month

$56.5K

El Paso, TX

Federal Income Tax

Effective: 13.8%

$8.3K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$5.7K

Total Taxes

Effective: 18.8%

$14.1K

Take-Home Pay

$5,077/month

$60.9K

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.