Texarkana, Arkansas (Zip Code 71854) is a city in Miller County with an estimated population of 30,000 people. It is situated at the Arkansas-Texas state line and offers its residents an affordable cost of living. The median two bedroom rent in Texarkana is $900, significantly lower than the national average of $1,430. Additionally, the grocery cost index for this area stands at 91 against the national average of 100. This indicates that groceries are cheaper here than most other places in the US.
Texarkana has a vibrant economy with many notable firms such as Tyson Foods, Cooper Tire & Rubber Company, and Hirsch Feed & Farm Supply Inc based in the area. Other industries include healthcare, retail trade and manufacturing. Residents also enjoy a variety of recreational activities such as festivals and nature trails which add to their quality of life.
Texarkana (zip 71854) has an unemployment rate of 6.6%. The US average is 6.0%.
Texarkana (zip 71854) has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Texarkana (zip 71854)
- The Sales Tax Rate for Texarkana (zip 71854) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Texarkana (zip 71854) is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Texarkana (zip 71854)
- The average income of a Texarkana (zip 71854) resident is $26,452 a year. The US average is $37,638 a year.
- The Median household income of a Texarkana (zip 71854) resident is $44,849 a year. The US average is $69,021 a year.