Housing costs in Magness?
A typical home costs
$132,500, which is 60.8% less expensive than the national average of
$338,100 and 27.1% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Magness costs
$720 per month, which is 14.3% cheaper than the national average of
$840 and close to the state average of
$720.
Can I afford Magness?
To live comfortably in Magness (zip 72553), Arkansas, a minimum annual income of
$25,560 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Magness?
The cost of living in 72553 Magness, AR is relatively low. According to one survey, the total cost of living index for the area is at an affordable 85.8, which is nearly 15 points lower than the national average. This means that housing costs, groceries, healthcare, and other necessities are much more affordable in Magness than in other parts of the country. Additionally, residents can expect to take advantage of a lower income tax rate than most other states. All of these factors make 72553 Magness a great place to live, work, and raise a family.