Housing costs in Magnolia?
A typical home costs
$153,100, which is 54.7% less expensive than the national average of
$338,100 and 21.2% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Magnolia costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 8.2% cheaper than the state average of
$920.
Can I afford Magnolia?
To live comfortably in Magnolia, Kentucky, a minimum annual income of
$29,160 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in Magnolia, KY is relatively low compared to other parts of the country. The median home cost in Magnolia is $84,400, which is significantly lower than the national median home price of $211,731. Additionally, the median household income in Magnolia is $33,977, which is slightly below the national median of $61,937. Overall, Magnolia has a much lower cost of living than many other parts of the country and offers its residents an affordable lifestyle.