Housing costs in Magnolia?
A typical home costs
$103,300, which is 69.4% less expensive than the national average of
$338,100 and 43.2% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Magnolia costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$840.
Can I afford Magnolia?
To live comfortably in Magnolia Arkan Metro Area, Arkansas, a minimum annual income of
$19,800 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in Magnolia, AR Metro Area is significantly lower than the US average. At 68.6, the cost of living is 31.4 points lower than the national average of 100. Furthermore, house median values are much lower than the US average as well at $103,300 compared to the US average of $338,100. All together, this means that living in Magnolia is much more affordable for residents than many other parts of the country.