Housing costs in Magnolia?
A typical home costs
$102,200, which is 69.8% less expensive than the national average of
$338,100 and 47.6% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Magnolia costs
$900 per month, which is 3.2% cheaper than the national average of
$930 and 20.0% cheaper than the state average of
$1,080.
Can I afford Magnolia?
To live comfortably in Magnolia (zip 51550), Iowa, a minimum annual income of
$19,440 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in 51550 Magnolia, IA is quite affordable. While the median home price in the area is around $140,000, the cost of rent is relatively low compared to other areas in Iowa. Utilities are also affordable and there are plenty of options for grocery shopping and dining out. The average family can afford a comfortable lifestyle while maintaining a reasonable budget. Additionally, taxes are on the lower side which helps to keep costs down even further. All in all, residents of 51550 Magnolia can enjoy a quality lifestyle at an affordable cost.