Housing costs in Magnolia?
A typical home costs
$160,700, which is 52.5% less expensive than the national average of
$338,100 and 17.3% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Magnolia costs
$880 per month, which is 4.3% cheaper than the national average of
$920 and close to the state average of
$870.
Can I afford Magnolia?
To live comfortably in Magnolia (zip 42757), Kentucky, a minimum annual income of
$30,960 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in 42757 Magnolia, KY is relatively affordable compared to other areas in the state. The median home value is about $135,000 and the median household income is around $40,400. This means that those living in 42757 can enjoy a high quality of life without spending too much money. Additionally, the area boasts a variety of amenities such as nearby hiking trails and parks, along with easy access to nearby cities like Louisville and Lexington. With its low cost of living and convenient location near numerous attractions, 42757 Magnolia, KY is an attractive place to live for those looking for a small-town atmosphere with big city benefits.