Texarkana, AR Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
83
Texarkana's Overall Cost Of Living
0.8x
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:

28 out of 65
In Arkansas
491 out of 6,412
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
For more reading on cost of living around Arkansas, check out:
Texarkana Cost of Living Vs. AR

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
Search Homes For Sale In Texarkana, AR
$128,000
Median Home Value
$801
Median Rent
$43,625
Median Income

Texarkana, AR Costs By Category

Detailed Texarkana Services Costs Vs. Arkansas

Item Texarkana Arkansas
Shampoo $0.99 $1.06
Movie $8.49 $10.68
Bowling $12.33 $14.67
Haircut $14.67 $18.62
Beauty Salon $36.25 $39.05

Detailed Texarkana Groceries Costs Vs. Arkansas

Item Texarkana Arkansas
Ground Beef $3.89 $4.22
Fried Chicken $1.02 $1.39
Milk $2.03 $2.05
Potatoes $2.98 $3.29
Pizza $10.89 $10.62
Beer $9.26 $9.38
Toothpaste $2.61 $2.34

Detailed Texarkana Health Costs Vs. Arkansas

Item Texarkana Arkansas
Optometrist $74.64 $108.57
Doctor $104.5 $116.17
Dentist $91.3 $99.13

Detailed Texarkana Transportation Costs Vs. Arkansas

Item Texarkana Arkansas
Gasoline $1.78 $2.22
Tire Balancing $37.89 $50.07

Detailed Texarkana Utilities Costs Vs. Arkansas

Item Texarkana Arkansas
All Electricity $131.55 $167.67
Phone $184.73 $175.64

Texarkana SnackAbility

6
/10
Overall SnackAbility
Jobs
4/10
Housing
6
Affordability
6
Diversity
9
Safety
3
Amenities
8
Education
6
Commute
9

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

Articles About Arkansas

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