Magnolia Springs, AL Cost of Living


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Magnolia Springs cost of living score
94.5
Less expensive
5.5% lower
than the US average
12.4% higher
than the Alabama average
Magnolia Springs, Alabama gets a BestPlaces Cost of Living score of 94.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 5.5% lower than the U.S. average and 12.4% lower than the average for Alabama.

Magnolia Springs, AL

Housing costs in Magnolia Springs?
A typical home costs $227,700, which is 32.7% less expensive than the national average of $338,100 and 6.4% more expensive than the average Alabama home, at $214,000. Renting a two-bedroom unit in Magnolia Springs costs $1,010 per month, which is 29.4% cheaper than the national average of $1,430 and 6.9% more than the state average of $940.

Can I afford Magnolia Springs?
To live comfortably in Magnolia Springs, Alabama, a minimum annual income of $43,560 for a family, and $31,200 for a single person is recommended.

What does A.I. say about Magnolia Springs?
The cost of living in Magnolia Springs, AL is quite reasonable. The median home price in the area is about $140,000, which is below the average for the state of Alabama. Renting an apartment or house is also very reasonably priced with monthly costs ranging from around $500 to $1,000 depending on size and location. Groceries are also relatively inexpensive when compared to other parts of the country. With a low cost of living and plenty of entertainment options, Magnolia Springs is an ideal place for families or individuals looking to save money while still enjoying all that the city has to offer.
   Cost of living score
     CategoriesMagnolia SpringsAlabamaUnited States
  94.584.1100.0
  96.894.4100
  115.5118.9100.0
  68.456.6100.0
  $227,700$214,000$338,100
  98.4%101.2%100.0%
  80.285.9100.0
  84.871.0100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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