Housing costs in Magnolia?
A typical home costs
$102,000, which is 69.8% less expensive than the national average of
$338,100 and 34.3% less expensive than the average Mississippi home, at
$155,300. Renting a two-bedroom unit in Magnolia costs
$840 per month, which is 5.6% cheaper than the national average of
$890 and close to the state average of
$840.
Can I afford Magnolia?
To live comfortably in Magnolia (zip 39652), Mississippi, 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 39652 Magnolia, MS is very affordable. The median home value in the area is only $88,500, which is significantly lower than the national median of $219,700. Additionally, the median household income is also lower than the national median at $38,631 compared to $61,937. This means that residents of 39652 Magnolia enjoy a high standard of living for a low cost. Groceries and restaurant meals are reasonably priced and utilities such as electricity are slightly below the national average. All in all, those looking for an affordable place to live should take a closer look at 39652 Magnolia.