Cost of Living: Midland, TX vs Texarkana, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Midland | Texarkana |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $345,000 | $158,000 |
| Average Rent (2 BR Apartment) | $1200 | $1200 |
| Average Rent (2 BR House) | $1270 | $1280 |
Housing Comparison: Midland vs Texarkana
- In Midland, the median home price is higher at $345,000, while in Texarkana it is $158,000.
- The rent for a two-bedroom apartment is equal in both Midland and Texarkana at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Midland | Texarkana |
|---|---|---|
| Electricity Price | $14.47 | $12.36 |
| Natural Gas Price | $26.29 | $17.08 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Midland vs Texarkana
- Electricity costs are higher in Midland at $14.47 per kWh, compared to $12.36 in Texarkana.
- Natural gas is more expensive in Midland at $26.29 per unit, while it is cheaper at $17.08 in Texarkana.
- Texarkana has higher utility expenses, averaging $250, while Midland averages $200.