El Paso vs Winston-Salem for Retirees (2026)
Scroll down for retirement income tax breakdown, healthcare estimates, and FAQ.
Your move simulator
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Estimated annual swing
+$6,177/yr
Favoring El Paso for this income & household (illustrative).
With the extra $515/mo, you could pay down a $15,000 card balance in ~30 months and still keep ~$62/mo for dining out.
Complete the Picture
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High-yield savings
Park ~$6,177/yr savings at 4–5%+ APY
Even $515/mo extra earns meaningfully at 4–5% APY vs near-zero in checking.
Home + auto bundle
New state — compare rates before you sign
Moving to El Paso resets your insurance profile. Bundling home + auto often saves 15–25%.
Supplemental health
El Paso's lower taxes leave ~$2,604/yr more for healthcare
Health coverage varies by state. Review Medigap plans available in your new zip before moving.
Full retirement cost breakdown
| Metric | El Paso Texas | Winston-Salem North Carolina | Your impact |
|---|---|---|---|
| 1BR rent / month | $1,050Better | $1,300 | $3,000/yr saves in El |
| Median home price | $215KBetter | $260K | — |
| State income tax | NoneBetter | 4.5% | $3,375/yr saves in El |
| Sales tax (combined) | 8.3% | 7%Better | — |
| Monthly utilities | $175 | $150Better | $300/yr saves in Winston-Salem |
| Groceries index (US = 100) | 91Better | 95 | — |
| Est. healthcare / month | $400Better | $435 | $420/yr saves in El |
| Walk score (0–100) | 28 / 100Better | 26 / 100 | — |
| Overall COL index (100 = US avg) | 80Better | 87 | — |
Your biggest money opportunities based on this comparison.
Retirement tax savings
El Paso saves ~$188/mo on a $50K retirement income
Keep more of your fixed income. Park the tax savings in a high-yield account to let it compound.
Healthcare savings
El Paso saves ~$35/mo on healthcare
Compare Medicare supplement and insurance plans to cover what Medicare doesn't pay.
More to invest
El Paso stretches your retirement savings ~8% further
Lower COL means more of your nest egg stays invested. Compare brokerage and IRA accounts.
Complete the Picture
While you’re comparing — don’t leave money on the table.
Mortgages
See what you can afford in Winston-Salem
Compare rates from top lenders before your move — pre-approval is free and won't affect your score.
Home & Auto Insurance
Bundle before you move — save 15–25%
New state means new rates. Lock in Winston-Salem homeowners + auto quotes before your move date.
Moving Rewards Card
Turn closing costs & moving expenses into cash back
Average family spends $6,200 on a move. These cards pay 2–4% back + 0% intro APR on purchases.
Frequently asked questions
Which city is better for retirement — El Paso or Winston-Salem?
Based on home prices, taxes on retirement income, walkability, and overall cost of living, El Paso scores better for retirees. Median home prices are $215K in El Paso vs $260K in Winston-Salem. El Paso is approximately 8% cheaper overall. The best choice still depends on climate, healthcare access, and proximity to family.
Is retirement income taxed in El Paso or Winston-Salem?
Texas has no state income tax, meaning Social Security, pension, and retirement account withdrawals are not subject to state tax. North Carolina has a 4.5% state income tax rate. For retirees, this difference can save thousands annually.
What is the estimated monthly healthcare cost in El Paso vs Winston-Salem?
Based on national average retiree healthcare spending (~$500/month) scaled by each city's cost-of-living index, estimated monthly healthcare costs are approximately $400 in El Paso and $435 in Winston-Salem. That's a difference of ~$35/month, or ~$420/year. Actual costs vary based on your Medicare plan, supplements, and health needs.
Can I afford to retire in El Paso on a $50,000 annual income?
On a $50,000/year ($4,167/month) retirement income in El Paso, rent alone would consume approximately 25% of your budget (1BR rent ~$1,050/mo) and healthcare another ~10%. That leaves roughly 65% (~$2,708/mo) for groceries, transportation, and other expenses. This is generally considered manageable.
Which city is more walkable for retirees?
El Paso has a higher walk score (28 vs 26 out of 100). Walkability is increasingly important for retirees who want to reduce car dependence — a score above 70 means most daily errands can be done on foot. El Paso offers more independence without a car, which also reduces transportation costs.
$50K/year in El Paso has the same purchasing power as $54K/year in Winston-Salem
Healthcare estimates based on national avg retiree spending (~$500/mo) scaled by COL index · State income tax rates from Tax Foundation · Data: Zillow, BLS, Numbeo · Q1 2026