Housing costs in Magnolia?
A typical home costs
$93,100, which is 72.5% less expensive than the national average of
$338,100 and 69.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Magnolia costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 44.2% cheaper than the state average of
$1,240.
Can I afford Magnolia?
To live comfortably in Magnolia, Minnesota, a minimum annual income of
$18,000 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, MN is generally considered to be quite reasonable. According to the city's official website, the average cost of housing is well below the national average, with a median rent for a two bedroom apartment coming in at just $724 per month. Food and transportation costs are also relatively low, with the median grocery bill for a family of four estimated to be around $455 per month. The overall cost of living in Magnolia is about 8% cheaper than the national average, making it an appealing destination for those looking for an affordable place to live.