Cost of Living in Texarkana, TX
Housing
The housing market plays a significant role in determining the cost of living in Texarkana, TX.
- Housing Index: 98.2 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1563 per month
- Average Rent (2 BR House): $1699 per month
Based on the housing data for Texarkana, TX, the housing index suggests an extremely low value of 98.2, indicating a potentially stagnant or declining market. The median home price of 150000 demonstrates affordable entry-point for homebuyers. However, with the absence of rent data—both for a 2-bedroom apartment averaging 1563 and a house at 1699—it's important to further research local demand and costs. Considering economic indicators, job growth, and local amenities will also guide your decision on relocating to Texarkana.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Texarkana, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $235 per month
Living in Texarkana, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $235 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Texarkana is a financially viable option for your relocation.