Carthage, TX vs Malakoff, TX

Carthage, TX and Malakoff, TX have a very similar cost of living, with only a 4.8% difference in their overall index. Carthage scores 68 while Malakoff scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Carthage is $737/month compared to $820/month in Malakoff — a 10% difference. Interestingly, home values tell a different story: while Carthage has cheaper rent, Malakoff actually has lower median home values ($84,000 vs $153,100).

Median household income in Carthage is $44,738 compared to $53,378 in Malakoff (-16.2%). Malakoff offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Carthage spend roughly 19.8% of their income on rent, more than the 18.4% in Malakoff.