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Growth Rate
The
city's rate of growth is among the fastest in the
nation, according to a study conducted recently by
the U.S. Census Bureau. Between 1990-1998,
El Paso recorded the third highest growth rate in
the United States at 19.3 percent.
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Workforce
El
Paso is home to a young population whose labor
force is diverse, bilingual, and readily trainable
for an expanding economy in the 21st
Century. Coupled with a strong work ethic
and diverse education and training programs, the
rapidly growing El Paso labor force continues to
attract a variety of industries to the
region. In addition, the population under
the age of 18 is about 36%.
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Cost of Living
El
Paso residents enjoy a relatively low cost of
living compared to other cities in the United
States. Combined with its growing size and
numerous points of cultural and scenic interest,
the El Paso area offers businesses a thriving
community coupled with a pleasant and affordable
cost of living. During the 1st quarter of
2000, El Paso was at 4.5% below the national cost
of living average.
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