Housing costs in Magnolia?
A typical home costs
$101,500, which is 70.0% less expensive than the national average of
$338,100 and 34.6% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Magnolia costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 7.2% cheaper than the state average of
$890.
Can I afford Magnolia?
To live comfortably in Magnolia, Mississippi, a minimum annual income of
$19,440 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in Magnolia, MS is relatively affordable. The median home value is $99,400, which is lower than the national average of $184,700. Rent is also very reasonable with a median rent price of $741 per month. Prices for goods and services are also generally lower than the national average, making it an attractive option for those looking to live in an affordable area. Additionally, residents benefit from low property taxes and a lack of state income tax. All in all, Magnolia offers an exceptional quality of life at a great price.