Housing costs in Magnolia?
A typical home costs
$134,500, which is 60.2% less expensive than the national average of
$338,100 and 26.0% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Magnolia costs
$690 per month, which is 51.7% cheaper than the national average of
$1,430 and 21.7% cheaper than the state average of
$840.
Can I afford Magnolia?
To live comfortably in Magnolia, Arkansas, a minimum annual income of
$25,920 for a family, and
$21,200 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in Magnolia, AR is relatively low compared to other areas of the country. The median home price is around $82,000, which makes housing much more affordable than in larger cities or more expensive areas. Groceries, transportation and utilities are also very reasonable here. Overall, Magnolia is a great place to live on a budget and provides plenty of opportunities for growth and development both personally and professionally.