Texarkana is a medium-sized city located in the state of Arkansas. The city has a population of 30,155 residents. If you are not a fan of long commutes, you will enjoy living in Texarkana. With average one way commute time of only 16 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Without the right tools, relocating to any new area can be very stressful and challenging. Living in Texarkana, Arkansas could be a great experience for anyone who puts in the time to do the research required. The best areas in Texarkana and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Arkansas and national averages.
With a livability score of 57 out of 100, Texarkana is ranked #25,860 in the United States and #380 in Arkansas. This is a lower than the US average livability score as Texarkana does not rank well for most categories. If we examine each of the categories individually, we see that Texarkana ranks well for cost of living (A-) and weather (B). There are some categories that Texarkana scores poorly for, including: crime (F), education (F), employment (D-) and housing (F). It might be worth taking a closer look to find out why.
Texarkana real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Texarkana. Median real estate prices in Texarkana come in at $106,400, which is 7.2% lower than the Arkansas average. The home price to income ratio compares the median home prices to the median household income. In Texarkana, the home price to income ratio is 2.8, which is 3.7% higher than the Arkansas average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Texarkana area were 12.5% and 5 year appreciation rates were 2.3%.