Housing costs in Magnolia?
A typical home costs
$264,100, which is 21.9% less expensive than the national average of
$338,100 and 11.3% less expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Magnolia costs
$1,380 per month, which is 3.5% cheaper than the national average of
$1,430 and 7.2% more than the state average of
$1,280.
Can I afford Magnolia?
To live comfortably in Magnolia, Texas, a minimum annual income of
$50,760 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in Magnolia, TX is quite affordable. With a median home price of just $180,000 and a median household income of $83,437, there is plenty of opportunity to enjoy the area without breaking the bank. The city has an overall cost of living index that is nearly 20% lower than the national average, making it an attractive place for those looking to stretch their dollar. The low taxes and lack of state income tax also help with keeping expenses down while still enjoying all that Magnolia has to offer.