Housing costs in Magnolia?
A typical home costs
$373,800, which is 10.6% more expensive than the national average of
$338,100 and 11.2% more expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Magnolia costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 25.5% cheaper than the state average of
$1,330.
Can I afford Magnolia?
To live comfortably in Magnolia, Delaware, a minimum annual income of
$71,640 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in Magnolia, DE is relatively affordable compared to other areas in the country. Groceries, gas, and other necessities are all very reasonably priced. The average home price in Magnolia is around $219K which also makes it an attractive place to live. Rent prices are also very reasonable with a one bedroom apartment averaging around $900 per month. Overall, the cost of living in Magnolia is low and would be a great option for anyone looking for an affordable place to reside.