Cost of Living: Texarkana, AR vs Orem, UT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Texarkana | Orem |
|---|---|---|
| Housing Index | 86.4 | 110.0 |
| Median Home Price | $158,000 | $465,000 |
| Average Rent (2 BR Apartment) | $1228 | $1446 |
| Average Rent (2 BR House) | $1335 | $1572 |
Housing Comparison: Texarkana vs Orem
- The median home price in Orem is higher at $465,000, compared to $158,000 in Texarkana.
- In Orem, the rental for a two-bedroom apartment stands at $1,446, while it is $1,228 in Texarkana.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Texarkana | Orem |
|---|---|---|
| Electricity Price | $12.36 | $11.5 |
| Natural Gas Price | $17.08 | $14 |
| Other Utilities | $208 | $250 |
Utilities Comparison: Texarkana vs Orem
- Electricity costs are higher in Texarkana at $12.36 per kWh, compared to $11.5 in Orem.
- Natural gas is more expensive in Texarkana at $17.08 per unit, while it is cheaper at $14 in Orem.
- Orem has higher utility expenses, averaging $250, while Texarkana averages $208.