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Cost of Living in Texarkana

Is it better to rent or buy in Texarkana? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$44,861
$877/mo

Median in area: $877

$149,558

Median in area: $149,558

$29,912

If you Rent

🔑
$1,057 /mo
Base Rent$877
Est. Utilities$180
% of Income28.3%
Pre-tax Residual$2,681

If you Buy

🏠
$1,196 /mo
P&I (7.009%)$797
Taxes & Ins$219
Est. Utilities$180
% of Income32.0%
Pre-tax Residual$2,543

Cost of Living FAQs

Is it cheaper to rent or buy in Texarkana?›

Based on median housing data, renting is currently more affordable on a monthly basis in Texarkana. The estimated all-in monthly cost for renting is $1,057, while owning a median-priced home with a 20% down payment is roughly $1,196 per month (a difference of $139).

How much do utilities cost in Texarkana?›

The average monthly utility cost (electricity and natural gas) for a typical home in Texarkana is approximately $180. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Texarkana?›

To comfortably afford the median rent and utilities in Texarkana without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $42,280 per year.