A city's cost of living and taxes can play a big role in how far your money can stretch.
The financial technology company calculated the value of a $100,000 salary in 72 large U.S. cities after subtracting federal, state and local taxes, as well as housing, grocery, utility and other living costs using data from the Council for Community and Economic Research.
El Paso is in west Texas and sits along the U.S.-Mexico border. The overall cost of living is around 12% lower than the national average and home buying and renting costs are nearly 30% cheaper, according to. Additionally, 31% of the population is under 18, and the median age of residents is 34, per the latest available
One factor potentially fueling the Lone Star State's dominance is its tax friendliness, since Texas does not collect state income taxes. However, residents still pay federal income taxes and face some of the highest property taxes in the country.
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