Cost of Living in Texarkana, AR

Housing

The housing market plays a significant role in determining the cost of living in Texarkana, AR.

• Housing Index: 90.0 / 100
• Median Home Price is: $158000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1280 per month

Considering a move to Texarkana, AR? With a housing index of 90.0, it's notably affordable compared to many urban areas. The median home price stands at 158000, making homeownership viable for many. Renting is also reasonable, with average rents for a 2-bedroom apartment at 1200 and a 2-bedroom house at 1280. This area could be an excellent choice for families and young professionals seeking a reasonable cost of living while enjoying community resources and a slower pace of life, especially if you're looking for a balance between quality and affordability.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Texarkana, AR.

• Electricity Price: 12.36 USD (median by state)
• Natural Gas Price: $17.08 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Texarkana, AR could entail higher utility costs. Electricity costs sit at 12.36, while natural gas is priced at 17.08 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 95.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $45233

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Texarkana, AR, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.