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Albuquerque, NM vs El Paso, TX: Cost of Living

Compare the cost of living between Albuquerque, NM and El Paso, TX. See the equivalent salary and median rent powered by BLS Regional Price Parities.

Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗
Source-verified · June 2026BEA Regional Price Parities by MSA, 2022 (Table 4); HUD FY2024 Fair Market Rents (2-BR) Official source ↗

Albuquerque, NM

NM

Overall RPP (US=100)
93.4
Housing RPP
88.7
Goods RPP
97.6
2-BR median rent
$1,222/mo

New Mexico income tax 1.7%-5.9%.

El Paso, TX

TX

Overall RPP (US=100)
91.2
Housing RPP
73.4
Goods RPP
93.6
2-BR median rent
$1,150/mo

Texas has no state income tax.

Equivalent salary

El Paso, TX is cheaper than Albuquerque, NM by about 2.4% (RPP 93.4 to 91.2).

$60,000 in Albuquerque, NM

-> $58,587

in El Paso, TX

$100,000 in Albuquerque, NM

-> $97,645

in El Paso, TX

$150,000 in Albuquerque, NM

-> $146,467

in El Paso, TX

This tool provides estimates only. Equivalent-salary figures are derived from BLS Regional Price Parities (RPP) and HUD Fair Market Rents — they are averages, not guarantees. Actual cost of living varies by neighborhood, lifestyle, and individual circumstances. Not financial advice.

Migration signal: Albuquerque, NM vs El Paso, TX

IRS tax-return migration · 2021-2022

Albuquerque, NM

Net people
+309
Net rank
#28 of 65
Top origin share
5%
Top destination share
4%

Largest source: Santa Fe County, NM. Largest destination: Santa Fe County, NM.

El Paso, TX

Net people
−2,066
Net rank
#35 of 65
Top origin share
6%
Top destination share
7%

Largest source: Doña Ana County, NM. Largest destination: Doña Ana County, NM.

Rent delta: El Paso, TX is $72/mo lower for HUD FY2024 2-BR FMR than Albuquerque, NM. Housing RPP moves from 88.7 to 73.4.

Migration figures are derived from IRS SOI county-to-county migration data for 2021-2022, mapped to metros via Census CBSA delineation. Small county-to-county flows are IRS-suppressed, so per-metro totals are lower bounds. Source: IRS SOI migration data.

Frequently asked questions

Is El Paso, TX cheaper or more expensive than Albuquerque, NM?
El Paso, TX (RPP 91.2) is cheaper than Albuquerque, NM (RPP 93.4) by about 2.4%.
What salary do I need in El Paso, TX if I earn $100,000 in Albuquerque, NM?
You would need approximately $97,645 in El Paso, TX to maintain the same purchasing power as $100,000 in Albuquerque, NM. Formula: $100,000 x (91.2 / 93.4).
Which metro had stronger net migration, Albuquerque, NM or El Paso, TX?
For 2021-2022, Albuquerque, NM had a net gain of 309 people, while El Paso, TX had a net loss of 2,066 people. IRS small-flow suppression means these are lower-bound research signals, not complete population-change totals.

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