WhereCanIAfford › El Paso, TX › On $350,000

Is El Paso, TX affordable on a $350,000 salary?

YES On $350,000/yr, the typical $233,011 home in El Paso, TX needs $72,952/yr ($1,702/mo). Your gap: +$277,048 — housing would be 5.8% of your gross income.

The math

233,011 price − 10% down (23,301) = 209,710 loan
30-yr fixed at 7.18% on 209,710 = 1,421/mo principal+interest
+ 282/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
1,702/mo PITI ÷ 0.28 = 6,079/mo → 72,952/yr required

against Zillow ZHVI 2026-09 and the 7.18% FRED 30-yr rate (2026-11-05).

What salary WOULD clear El Paso, TX?

You need about $72,952/yr for the typical home. On $350,000 you already clear it by $277,048.

On $325,000? On $375,000? On $400,000?

See the full El Paso, TX affordability breakdown → or every metro you can afford on $350,000 →