Santa Fe, TX vs Texarkana, TX
There is a significant gap in the cost of living between these two cities. Texarkana is 20.7% cheaper than Santa Fe. With a cost index of 73 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Texarkana to Santa Fe should plan for substantially higher expenses across most categories.
On the housing front, median rent in Santa Fe is $974/month compared to $990/month in Texarkana — a 2% difference. Interestingly, home values tell a different story: while Santa Fe has cheaper rent, Texarkana actually has lower median home values ($159,700 vs $290,200).
Median household income in Santa Fe is $95,815 compared to $49,240 in Texarkana (+94.6%). While Santa Fe is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Santa Fe spend roughly 12.2% of their income on rent, less than the 24.1% in Texarkana.
Climate-wise, Santa Fe is notably warmer with an average of 71.3°F compared to 64°F in Texarkana. Santa Fe receives more rainfall at 53.3" per year compared to 48.9" in Texarkana.
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Climate
NOAA 30-year normals (1991-2020)