Texarkana, TX is a city located in the state of Texas, and is on the border with Arkansas. It has a population of over 37,000 people and is known for its affordability. Rent for a two-bedroom apartment in Texarkana costs $960 per month on average, which is much lower than the U.S. average of $1,430 per month. Grocery costs are also lower than the national average - 91 compared to 100 in the US - making it an attractive option for those looking to save money. The city is home to several large companies such as Tyson Foods Inc., Cooper Tire & Rubber Co., and Walmart Stores Inc., providing ample job opportunities for residents. All in all, Texarkana combines low housing costs with access to jobs at major companies, making it an ideal location for those who want to save money while still having access to amenities and job opportunities.
Texarkana has an unemployment rate of 7.8%. The US average is 6.0%.
Texarkana has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.
Tax Rates for Texarkana
- The Sales Tax Rate for Texarkana is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Texarkana is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Texarkana
- The average income of a Texarkana resident is $23,973 a year. The US average is $28,555 a year.
- The Median household income of a Texarkana resident is $46,643 a year. The US average is $69,021 a year.