A good salary in El Paso, TX is anything over $38,000. That’s because the median income in El Paso is $38,000, which means if you earn more than that you’re earning more than 50% of the people living in El Paso. The average salary in El Paso is $44,369. A good hourly wage in El Paso is $18.27 per hour.
How much do you need to make to live comfortably in El Paso Texas?
$50,150
The Forbes report lists El Paso’s median income as $43,322, with $25,075 going toward the cost of necessities, with the amount of money needed to live comfortably being $50,150.
What is the average wage in El Paso?
Average Salary in El Paso, TX
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $74,989 | $36 |
| 75th Percentile | $61,657 | $30 |
| Average | $59,656 | $29 |
| 25th Percentile | $41,244 | $20 |
What is a good annual salary in Texas?
Generally, if you are a homeowner living in Texas you need to earn roughly around $80,000 to live comfortably in that state, on the other hand, if you are renting a house, you will need to earn not less than $85,000.
What is a comfortable salary for one person in Texas?
What salary do you need to live in Texas? A single person needs a salary of at least $30,780 to cover all of their bills in Texas. If you have a working spouse to split living expenses with, you’ll only need to earn $23,155 per year.
Is it expensive to live in El Paso?
According to their data, El Paso, Texas is ranked, number 6 for the city with the lowest cost of living in the US. The cost of living in El Paso is $1,276 and the median income is $23,217.
Is El Paso a cheap place to live?
Recognized as the city with the lowest cost of living in the U.S., El Paso’s affordability is one of area’s major selling points for new residents. With no state income tax, paychecks go a little further with the local housing market as well.
What is middle class in El Paso?
Income and Salaries for El Paso
| ECONOMY | El Paso, Texas | United States |
|---|---|---|
| Income Tax | 0.0% | 4.6% |
| Income per Cap. | $21,120 | $31,177 |
| Household Income | $44,431 | $57,652 |
| Family Median Income | $50,247 | $70,850 |
What is the poverty level in El Paso TX?
18.6%
Overall, 18.6 percent of the El Paso population lives in poverty, compared to the national average of 12.3 percent.
More than 25 percent of children in El Paso live in poverty, report says.
| El Paso statistics | National statistics |
|---|---|
| Overall poverty rate: 18.6% | Overall poverty rate: 12.3% |
| Child poverty rate: 26.9% | Child poverty rate: 16.8% |
Is El Paso a good place to live?
While living in a border city may have cons and bad stereotypes, El Paso is actually ranked as one of the safest cities in the United States. In fact, the city is consistently praised for its low crime rate and low levels of violence. Many Americans can be seen traveling from El Paso to Cuidad Juarez regularly.
What is middle class salary in Texas?
How much you have to earn to be middle class in every state
| State | Middle-class income | Median household income |
|---|---|---|
| Texas | $55,605 | $64,034 |
| Vermont | $55,371 | $63,001 |
| Wyoming | $54,849 | $65,003 |
| Georgia | $54,213 | $61,980 |
What is upper class salary?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
What is considered upper class in Texas?
To be considered in the top 1% of Texas residents, you need to make at least $8,751,910. To crack the top 5%, you need to rake in at least $216,799. The average adjusted gross income of the top 1% is $1,681,737 while the top 5% makes about $585,405 on average.
Is $18 an hour good in Texas?
In Texas, the average wage to be able to afford a two-bedroom home is $19.32 per hour. Texas’ minimum wage is $7.25. For those making $19 an hour they would still have to work from 86 to 107 per week to afford a home.
Is 52k a year a good salary?
With the proper budget and discipline, $50,000 is an excellent salary. In 2020, the median household income in the United States was about $67,000. Your debt load, dependents, and assets will determine how comfortably you can live with an income of $50k.
What is a good Yearly salary?
On the other hand, a $50,000 average yearly income is good enough for people living in rural areas. Therefore, we can use this information to state that a good salary in the urban area ranges from $70,000–150,000, whereas a good salary in rural areas ranges from $50,000–$80,000.
What is the best area to live in El Paso?
7 Best Places to Live in El Paso, Texas
- Castner Heights. If you are moving to El Paso, then the first neighborhood to check out is that of Castner Heights.
- Mountain View.
- Park Foothills.
- Silver Springs Village.
- Via Hermosa.
- Cielo Vista.
- Mesa Hills.
What is El Paso known for?
What is El Paso Known For? The city of El Paso is called “Sun City” because on average, it has 302 days of sun every year. El Paso is known for it’s delicious Tex-Mex cuisine and because it’s a border town to Juarez, Mexico.
What is the coldest month in El Paso?
December
The cool season lasts for 2.9 months, from November 21 to February 17, with an average daily high temperature below 66°F. The coldest month of the year in El Paso is December, with an average low of 35°F and high of 59°F.
What is living in El Paso like?
El Paso is a great place to live for those who like the outdoors. The metro area’s proximity to the Rio Grande provides opportunities to whitewater raft, canoe and fish, while Franklin Mountains State Park and Hueco Tanks State Park & Historic Site are great hiking and rock climbing spots.
Why you should move to El Paso?
Since 1997, El Paso has always been one of the top three safest cities. You’ll find data to back up that claim here. People who worry about safety also are often concerned about quality of schools, and you’ll find that El Paso has highly ranked schools. All in all, it’s a great place to raise a family.
