Texarkana, TX vs Wichita Falls, TX

Texarkana, TX and Wichita Falls, TX have a very similar cost of living, with only a 0.6% difference in their overall index. Texarkana scores 73 while Wichita Falls scores 73 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 Texarkana is $990/month compared to $978/month in Wichita Falls — a 1% difference. Home values follow the same pattern: Wichita Falls is more affordable at $142,600 median vs $159,700.

Median household income in Texarkana is $49,240 compared to $58,568 in Wichita Falls (-15.9%). Wichita Falls offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Texarkana spend roughly 24.1% of their income on rent, more than the 20% in Wichita Falls.