| Index | Texarkana | Texas | National |
| Cost of living | 93 | 94 | 100 |
| Groceries | 99 | 98 | 100 |
| Health care | 97 | 98 | 100 |
| Housing | 80 | 83 | 100 |
| Transportation | 98 | 98 | 100 |
| Utilities | 105 | 103 | 100 |
| Lifestyle & Entertainment | 99 | 98 | 100 |
| Household Items | 100 | 98 | 100 |
| Education & Childcare | 98 | 98 | 100 |
Knowing the cost of living in Texarkana allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Texarkana stands at 93, marking it 7% lower than the national average.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Texarkana are priced in a manner consistent with other areas. This means that residents of Texarkana can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
The real experts on a city are its residents. That's why we reached out to 6 locals to get their views on the cost of living in Texarkana. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 67% found it budget-friendly with decreasing prices, while 33% said it's simply not affordable as prices have continued to rise.
Is Texarkana an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Texarkana is 21.1% lower than the national average, while the average monthly rent prices are 17.7% lower than average. The affordability of any location can also be influenced by median income levels. Texarkana has a median household income of $70,007, which is 13.9% lower than the national average.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Texarkana, the utilities index registers 4.6% higher than the national average.
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 2.7% 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.
The Texarkana cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $110,596 | $9,216 | $2,580 | $3,318 |
| Renters | $41,665 | $3,472 | $972 | $1,250 |
| State | General Sales Tax | With Max Surtax |
| Texas | 6.25% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Texas | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Fulton, AR | 118 | 96 | 4.0% |
| Domino, TX | 46 | 78 | 22.2% |
| Ogden, AR | 217 | 78 | 21.6% |
| Fouke, AR | 828 | 83 | 16.9% |
| Hooks, TX | 2,794 | 85 | 14.5% |
| Texarkana, TX | 37,749 | 93 | 6.6% |
| City | Population | Cost of Living Index | National Avg. |
| Trumbull, CT | 37,754 | 138 | 38.2% |
| University, FL | 37,766 | 106 | 6.3% |
| Benton, AR | 37,708 | 92 | 8.2% |
| Clermont, FL | 37,828 | 116 | 15.7% |
| Oregon City, OR | 37,868 | 129 | 29.4% |
| Texarkana, TX | 37,749 | 93 | 6.6% |
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