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The Lone Star State is quite large and has many hidden gems like El Paso, Texas.
El Paso is worth considering if you prefer a warmer climate with big-city amenities and small-town price tags.
The averagemonthly mortgage paymentsfor residents reasonably come in at just over $1,300.
The housing market, as of 2024, shows the estimated average home value to be about $223,722.
Paying Less For Your Monthly Bills
The climate in El Paso contributes tolower utility bills.
With its mild winters and warm/dry summers, heating and cooling costs are manageable.
Being on a budget doesnt mean you cant stay active.
El Paso offers a wealth ofrecreational activities and entertainment optionsthat are either free or offer a senior discount.
First GOBankingRates found the most populated US Cities as sourced from the US Census American Community Survey.
The mortgage and expenditures can be used to find the total cost of living for each city.
The cities with an annual cost of living above $50,000 were removed for this study.
All data was collected on and is up to date as of May 17th, 2024.
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