EL PASO, Texas (KTSM) – The cost of rent in El Paso has risen over the past year, according to researchers at Stessa.
In March of 2020 the median cost of rent was $1,094 and a year later rent in El Paso had increased to $1,169 per month. That is a 6.9% increase in rental prices.
The analysis completed by Stessa also found that the overall cost of living in El Paso compared to the U.S. average is -12.3% and the median income for renter households is $33,655.
As for the changes seen over the past year for the entire United States, Stessa found that the median rent in March 2020 was $1,739 and the median rent in March 2021 was $1,716.