Housing costs in Texarkana?
A typical home costs
$144,900, which is 57.1% less expensive than the national average of
$338,100 and 20.3% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Texarkana costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 3.4% more than the state average of
$840.
Can I afford Texarkana?
To live comfortably in Texarkana, Arkansas, a minimum annual income of
$27,720 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Texarkana?
The cost of living in Texarkana, AR is quite reasonable. The city has an overall cost of living index that is close to the national average. The median home price in the area is around $92,000, which makes it an attractive option for prospective home buyers. Grocery prices are also fairly low, with a family of four spending around $850-$900 per month. Utilities are generally lower than the state and national averages as well. In addition, there are no personal income taxes in Arkansas, providing residents with additional savings and a greater level of disposable income. All in all, Texarkana provides its residents with an affordable cost of living that can lead to a better quality of life overall.