Texarkana, TX (75501) is a great place to live for those on a budget, as the two bedroom rent is significantly lower at $870 than the US average of $1,430. A variety of businesses are available in this area, including local stores such as Big Star Grocery, ARK-LA-TEX Produce Co., and Pullman's Bakery & Deli as well as larger chains like Walmart Supercenter and Target. The cost of groceries here also is lower than in many other places with an index score of 89 compared to the national average of 100. Those looking for a good balance between affordability and access to shopping would be wise to consider Texarkana.
Texarkana (zip 75501) has an unemployment rate of 7.8%. The US average is 6.0%.
Texarkana (zip 75501) 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 (zip 75501)
- The Sales Tax Rate for Texarkana (zip 75501) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Texarkana (zip 75501) 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 (zip 75501)
- The average income of a Texarkana (zip 75501) resident is $18,972 a year. The US average is $28,555 a year.
- The Median household income of a Texarkana (zip 75501) resident is $43,533 a year. The US average is $69,021 a year.