Cost of Living: Texarkana, AR vs Frankfort, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Texarkana | Frankfort |
|---|---|---|
| Housing Index | 90.0 | 90.0 |
| Median Home Price | $158,000 | $215,000 |
| Average Rent (2 BR Apartment) | $1200 | $800 |
| Average Rent (2 BR House) | $1280 | $960 |
Housing Comparison: Texarkana vs Frankfort
- The median home price in Frankfort is higher at $215,000, compared to $158,000 in Texarkana.
- In Frankfort, the rental for a two-bedroom apartment stands at $800, while it is $1,200 in Texarkana.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Texarkana | Frankfort |
|---|---|---|
| Electricity Price | $12.36 | $12.87 |
| Natural Gas Price | $17.08 | $22.78 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Texarkana vs Frankfort
- Frankfort has higher electricity costs at $12.87 per kWh, versus $12.36 in Texarkana.
- Frankfort experiences higher natural gas costs at $22.78 per unit, with costs at $17.08 in Texarkana.
- Utility expenses are equal in both Texarkana and Frankfort averaging $250.