Cost of Living in Westway, TX
Population: 3,515 | Texas
Westway is 28% less expensive than the national average.
Cost of Living in Westway, TX: What You Need to Know
With a cost of living index of 72, Westway, TX is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and 16% below the Texas state average of 88. Westway is a small community of 3,515 residents.
Housing costs are the biggest factor in Westway's cost of living. The median monthly rent is $1,083 (18% below the US median of $1,319), and the median home value sits at $86,700 (72% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.
The median household income in Westway is $34,115, which is 55% lower than the national median of $75,149. Residents spend roughly 38% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Everyday prices in the El Paso, TX (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $34,115
- vs US Median ($75,149)
- -55%
Housing
- Median Rent
- $1,083/mo
- Median Home Value
- $86,700
- Median Monthly Housing Cost
- $448/mo
Everyday Prices in Westway
BLS Average Prices for the El Paso, TX (Metropolitan Statistical Area) area