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 87, which is 13% below the average of 100. This lower cost of living makes Magnolia an attractive option for those seeking affordable housing and daily expenses. The housing index at 74 is particularly appealing, showing a significant reduction of 26% compared to the national average.
Magnolia, Arkansas, offers a cost of living that is notably lower than the nationwide average. The housing index in Magnolia stands at 74, which is 26% below the national average of 100. This suggests that housing expenses in Magnolia are significantly cheaper, making it an attractive option for those looking to save on their living costs. Additionally, groceries in Magnolia are priced at 89 on the index, which is 11% less than the national average. This indicates that residents can find affordable food options, further contributing to the overall lower cost of living.
Utilities in Magnolia are priced at 96 on the index, which is 4% below the national average. This small difference means that utility costs are nearly on par with the rest of the country. Transportation costs in Magnolia are at 85 on the index, which is 15% lower than the national average. This makes commuting and transportation more affordable for residents. Healthcare costs in Magnolia are at 92 on the index, which is 8% below the national average, offering a slight advantage in healthcare expenses. Lastly, miscellaneous costs are at 90 on the index, which is 10% below the national average, providing another area where residents can save money. Overall, Magnolia presents a cost of living that is 11% below the national average, making it a financially prudent choice for many.
