Magnolia, AR Metro Area is a great place to live! With an affordable two-bedroom rent of $720, it's a much more cost-effective option than the US average of $1,430. When it comes to groceries, the Grocery Cost Index in Magnolia is 89 compared to 100 in the US. There are plenty of local businesses and attractions in this Metro Area. Some notable companies include Magnolia Regional Medical Center and Ouachita Industrial Park. For outdoor recreation, there are several beautiful parks such as John E Walker Memorial Park and Southland Park which offer plenty of hiking trails and picnic areas for families and friends. Other popular attractions include The Rose Theater for live entertainment or the Magnolia Aquatic Center for swimming fun on hot summer days.
Magnolia Metro Area has an unemployment rate of 6.2%. The US average is 6.0%.
Magnolia Metro Area has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Magnolia Metro Area
- The Sales Tax Rate for Magnolia Metro Area is 9.7%. The US average is 7.3%.
- The Income Tax Rate for Magnolia Metro Area is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Magnolia Metro Area
- The average income of a Magnolia Metro Area resident is $19,893 a year. The US average is $28,555 a year.
- The Median household income of a Magnolia Metro Area resident is $41,115 a year. The US average is $69,021 a year.