Texarkana, TX is a great place to live because it offers a lower cost of living compared to the rest of the United States. For example, the average 2 bedroom rent in Texarkana is $1,010 compared to $1,430 in the US. Additionally, grocery costs are also significantly lower in this area; for every $100 spent on groceries in the US, you would only have to spend $93 in Texarkana. The community is also rich with local businesses like Perot Theatre, Red River Federal Credit Union and Texas Country Music Hall of Fame which make it an enjoyable place to live. In short, Texarkana provides an affordable lifestyle without sacrificing all of the amenities that make it a great place to call home.
Texarkana (zip 75503) has an unemployment rate of 7.8%. The US average is 6.0%.
Texarkana (zip 75503) 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 75503)
- The Sales Tax Rate for Texarkana (zip 75503) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Texarkana (zip 75503) 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 75503)
- The average income of a Texarkana (zip 75503) resident is $31,973 a year. The US average is $28,555 a year.
- The Median household income of a Texarkana (zip 75503) resident is $73,415 a year. The US average is $69,021 a year.