Magnolia, AR, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Magnolia stands at 81, which is 19% below the national average of 100. This lower cost of living makes it an attractive option for job seekers looking to maximize their purchasing power.
Specifically, housing costs are 30% lower, groceries are 15% lower, utilities are 10% lower, transportation is 15% lower, healthcare is 20% lower, and miscellaneous expenses are 25% lower than the national average. This comprehensive reduction in living expenses can significantly enhance the quality of life for those relocating to Magnolia.
Magnolia, AR, offers a cost of living that is notably lower than the nationwide average. The housing index in Magnolia stands at 70, which is 30% below the average of 100. This means that housing expenses in Magnolia are significantly more affordable compared to the rest of the country. For job seekers, this presents a valuable opportunity to find more budget-friendly living arrangements without sacrificing quality.
In addition to housing, other cost categories in Magnolia also reflect lower expenses. Groceries, for instance, have an index of 85, which is 15% below the average. Similarly, utilities are priced at 90, just 10% above the average, making day-to-day living more economical. Transportation and healthcare indices are also at 85 and 80, respectively, which are 15% and 20% below the average. These figures highlight that Magnolia provides a cost-effective environment for various aspects of living, making it an attractive option for those looking to balance affordability with quality of life.
