Housing costs in Magnolia?
A typical home costs
$115,800, which is 65.7% less expensive than the national average of
$338,100 and 60.0% less expensive than the average North Carolina home, at
$289,300. Renting a two-bedroom unit in Magnolia costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 33.7% cheaper than the state average of
$1,110.
Can I afford Magnolia?
To live comfortably in Magnolia (zip 28453), North Carolina, a minimum annual income of
$22,320 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in 28453 Magnolia, NC is relatively low compared to other states. Prices for housing are quite affordable with the median home value coming in at around $131,000 and the median rent being just over $1,000. Groceries and other everyday items are also reasonable with average prices that are lower than the national average. Utilities in this area are also generally lower than most places with an overall cost index of 92.4%. This allows people living in this area to have a comfortable lifestyle while saving money at the same time.