Hot Springs, AR vs Texarkana, AR

Hot Springs, AR and Texarkana, AR have a very similar cost of living, with only a 0.1% difference in their overall index. Hot Springs scores 70 while Texarkana scores 70 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 Hot Springs is $902/month compared to $893/month in Texarkana — a 1% difference. Interestingly, home values tell a different story: while Texarkana has cheaper rent, Hot Springs actually has lower median home values ($156,900 vs $162,700).

Median household income in Hot Springs is $46,441 compared to $47,930 in Texarkana (-3.1%). While Texarkana is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hot Springs spend roughly 23.3% of their income on rent, more than the 22.4% in Texarkana.