El Paso, TX: $40,227

Income needed: $40,227

50 percent for necessities: $20,113

30 percent for discretionary spending: $12,068

20 percent for savings: $8,045

Low costs of living make it easier for El Paso residents to make ends meet with the $42,037 median income, which is $1,810 more than the income needed to follow a 50-30-20 budget in the city.