Cost of Living in Texarkana, TX

Homes For Sale In Texarkana, TX

An Overview of Cost of Living in Texarkana, TX

Are you thinking about relocating, but curious about the potential cost of living in Texarkana? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Texarkana stands at 91, making it 9% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Texarkana closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Texarkana can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

What Do Locals Say About the Cost of Living in Texarkana?

Nobody knows their city better than the people who actually live there. So, we asked 6 local residents how they would rate the cost of living in Texarkana and this is how they responded. 67% of people said that the cost of living was affordable, with prices decreasing, while 33% of people said that the cost of living was very expensive and prices continue to rise.

Is Texarkana Affordable?

Is Texarkana affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Texarkana, the median home price is 21.1% lower than the national average and monthly rent prices are 17.7% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Texarkana boasting a median household income of $70,007, 13.9% lower than the national average.

What Factors can Influence the Cost of Living in Texarkana?

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Texarkana, healthcare costs are 2.9% lower than the national average.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Texarkana, the groceries index is 2.9% lower than the national average.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Where is the Data From?

The Texarkana cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

Most Affordable Places to Live in and Around Texarkana

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Median Income & Debt-To-Income Ratio

A good way to judge both the affordability of the housing and the cost of living in Texarkana is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Texarkana has a median income of about $110,596 for people who own homes. Based on that number, a maximum of $2,580 should be spent on expenses related to housing. Renters have a slightly different median income, which is $41,665. Based on this average, renters should spend no more than $972 on all rental costs if they want to maintain a non-impoverished standard of living.

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Health Care

Housing

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Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

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Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.