Housing costs in Magnolia?
A typical home costs
$370,000, which is 9.4% more expensive than the national average of
$338,100 and 10.1% more expensive than the average Delaware home, at
$336,200. Renting a two-bedroom unit in Magnolia costs
$1,060 per month, which is 20.3% cheaper than the national average of
$1,330 and 11.3% cheaper than the state average of
$1,180.
Can I afford Magnolia?
To live comfortably in Magnolia (zip 19962), Delaware, a minimum annual income of
$70,920 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in 19962 Magnolia, DE is quite reasonable. Housing prices range from the low-end to the mid-range, with rents ranging from $650 for a single bedroom apartment to $1,200 for a three bedroom house. The cost of food and other essential items are also fairly economical. Groceries are generally affordable and utilities come in at an average cost. The overall affordability of living in Magnolia makes it an attractive option for those looking to live in a rural area without breaking the bank.