Housing costs in Magnolia?
A typical home costs
$121,100, which is 64.2% less expensive than the national average of
$338,100 and 33.4% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Magnolia costs
$690 per month, which is 17.9% cheaper than the national average of
$840 and 4.3% cheaper than the state average of
$720.
Can I afford Magnolia?
To live comfortably in Magnolia (zip 71753), Arkansas, a minimum annual income of
$23,040 for a family, and
$21,200 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in 71753 Magnolia, AR is relatively affordable compared to other areas. The average home costs around $112,000, with rent averaging around $700 per month. The cost of groceries and restaurant meals is comparable to the U.S average. Taxes are also low here, with a sales tax rate of only 6.5%. Utilities are also reasonably priced, with electricity rates ranging from 8-10 cents per kWh and natural gas at slightly under $15 per 1,000 cubic feet. Overall, 71753 Magnolia provides an excellent quality of life for its residents at an affordable price!