Texarkana, AR Cost Of Living
Cost Of Living In Texarkana, AR Summary
Cost of living in Texarkana research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Texarkana is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arkansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Texarkana is 83, with 100 being the average.
The cost of living index in Texarkana is 0.8x lower than the national average.
Texarkana ranks as the #28 cheapest in Arkansas out of 65.
Texarkana ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Texarkana is $128,000.
The median income in Texarkana is $43,625.
Table Of Contents
Texarkana's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Texarkana, AR?
According to the most recent data on the cost of living, Texarkana has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Texarkana has a cost of living index that's 0.9x lower than Arkansas's index of 90.
The standard of living in Texarkana ranks as #28 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Texarkana ranks as the #37 most expensive place in the Natural State.
For more reading on life in Texarkana, check out:
- Living In Texarkana
- Texarkana Crime Report
- Search Homes For Sale In Texarkana, AR
In Arkansas
In America
Texarkana Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Texarkana. Here is how it fairs on each of the criteria:
The Services index in Texarkana is 97.
The Groceries index in Texarkana is 98.
The Health index in Texarkana is 93.
The Housing index in Texarkana is 61.
The Transportation index in Texarkana is 80.
The Utilities index in Texarkana is 89.
| Living Expense | Texarkana | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 83 | 90 | 100 | |
| Services | 97 | 98 | 100 | |
| Groceries | 98 | 94 | 100 | |
| Health | 93 | 85 | 100 | |
| Housing | 61 | 76 | 100 | |
| Transportation | 80 | 90 | 100 | |
| Utilities | 89 | 95 | 100 | |
Texarkana, AR Housing Cost Breakdown
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Texarkana is $128,000.
The Median Rent in Texarkana is $801.
The Median Income in Texarkana is $43,625.
The Home Value To Income in Texarkana is 2.9x.
The Rent To Monthly Income in Texarkana is 0.22x.
| Statistic | Texarkana | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $128,000 | $142,100 | $244,900 |
| Median Rent | $801 | $803 | $1,163 |
| Median Income | $43,625 | $52,123 | $69,021 |
| Home Value To Income | 2.9x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Texarkana, AR Costs By Category
Detailed Texarkana Services Costs Vs. Arkansas
Detailed Texarkana Groceries Costs Vs. Arkansas
Detailed Texarkana Health Costs Vs. Arkansas
Detailed Texarkana Transportation Costs Vs. Arkansas
Detailed Texarkana Utilities Costs Vs. Arkansas
Texarkana SnackAbility
/10
Cost Of Living In Cities Around Texarkana
The cost of living varies in the cities and towns around Texarkana. Here's a quick look at the cost of living in the most populous nearby places:
Texarkana, TX has a cost of living index of 83, 1.0x Texarkana.
Magnolia, AR has a cost of living index of 83, 1.0x Texarkana.
Hope, AR has a cost of living index of 77, 0.9x Texarkana.
| City | Population | Cost Of Living | Vs. Texarkana |
|---|---|---|---|
| Texarkana, TX | 36,256 | 83 | 1.0x |
| Magnolia, AR | 11,205 | 83 | 1.0x |
| Hope, AR | 9,010 | 77 | 0.9x |
| De Queen, AR | 6,192 | 78 | 0.9x |
