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This question is about El Paso, TX.
What is a good salary in El Paso, TX?
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. That works out to a good weekly wage of $730 per week and a good monthly wage of $3,166 per month. However, using the median income is only one way to calculate a good salary in El Paso.
Another way to calculate a good salary in El Paso is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $127,400, a good salary in El Paso would be $25,480.
Lastly, we can determine a good salary in El Paso by looking at the cost of living and comparing it to the US average salary. The cost of living in El Paso is 9% lower than than the national average. The national average salary is $56,310, so a good salary in El Paso is anything over $50,679 by this measure.
Average Annual Salary in El Paso, TX
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $19,000 | $1,583 | $365 | $9.13 |
| 25th | $26,000 | $2,166 | $500 | $12.5 |
| Median | $38,000 | $3,166 | $730 | $18.27 |
| 75th | $55,000 | $4,583 | $1,057 | $26.44 |
| 90th | $76,000 | $6,333 | $1,461 | $36.54 |
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