Magnolia, AR Cost Of Living
Cost Of Living In Magnolia, AR Summary
Cost of living in Magnolia research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Magnolia is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arkansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Magnolia is 83, with 100 being the average.
The cost of living index in Magnolia is 0.8x lower than the national average.
Magnolia ranks as the #28 cheapest in Arkansas out of 65.
Magnolia ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Magnolia is $132,400.
The median income in Magnolia is $34,815.
Table Of Contents
Magnolia's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Magnolia, AR?
According to the most recent data on the cost of living, Magnolia has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Magnolia has a cost of living index that's 0.9x lower than Arkansas's index of 90.
The standard of living in Magnolia ranks as #28 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Magnolia ranks as the #37 most expensive place in the Natural State.
For more reading on life in Magnolia, check out:
- Living In Magnolia
- Magnolia Crime Report
- Search Homes For Sale In Magnolia, AR
In Arkansas
In America
Magnolia Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Magnolia. Here is how it fairs on each of the criteria:
The Services index in Magnolia is 95.
The Groceries index in Magnolia is 96.
The Health index in Magnolia is 94.
The Housing index in Magnolia is 60.
The Transportation index in Magnolia is 79.
The Utilities index in Magnolia is 88.
| Living Expense | Magnolia | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 83 | 90 | 100 | |
| Services | 95 | 98 | 100 | |
| Groceries | 96 | 94 | 100 | |
| Health | 94 | 85 | 100 | |
| Housing | 60 | 76 | 100 | |
| Transportation | 79 | 90 | 100 | |
| Utilities | 88 | 95 | 100 | |
Magnolia, AR Housing Cost Breakdown
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Magnolia is $132,400.
The Median Rent in Magnolia is $653.
The Median Income in Magnolia is $34,815.
The Home Value To Income in Magnolia is 3.8x.
The Rent To Monthly Income in Magnolia is 0.23x.
| Statistic | Magnolia | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $132,400 | $142,100 | $244,900 |
| Median Rent | $653 | $803 | $1,163 |
| Median Income | $34,815 | $52,123 | $69,021 |
| Home Value To Income | 3.8x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Magnolia, AR Costs By Category
Detailed Magnolia Services Costs Vs. Arkansas
Detailed Magnolia Groceries Costs Vs. Arkansas
Detailed Magnolia Health Costs Vs. Arkansas
Detailed Magnolia Transportation Costs Vs. Arkansas
Detailed Magnolia Utilities Costs Vs. Arkansas
Magnolia SnackAbility
/10
Cost Of Living In Cities Around Magnolia
The cost of living varies in the cities and towns around Magnolia. Here's a quick look at the cost of living in the most populous nearby places:
Texarkana, AR has a cost of living index of 83, 1.0x Magnolia.
El Dorado, AR has a cost of living index of 79, 1.0x Magnolia.
Minden, LA has a cost of living index of 85, 1.0x Magnolia.
| City | Population | Cost Of Living | Vs. Magnolia |
|---|---|---|---|
| Texarkana, AR | 29,492 | 83 | 1.0x |
| El Dorado, AR | 17,800 | 79 | 1.0x |
| Minden, LA | 12,145 | 85 | 1.0x |
| Camden, AR | 10,644 | 80 | 1.0x |
| Hope, AR | 9,010 | 77 | 0.9x |
