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 88, which is 12% below the national average of 100. This makes Magnolia an attractive option for those seeking more affordable living conditions without sacrificing essential amenities.
Specifically, housing costs in Magnolia are 22% lower than the national average, with an index of 78. This significant reduction in housing expenses can greatly benefit job seekers looking to relocate. Additionally, while groceries, utilities, transportation, healthcare, and miscellaneous costs are slightly above the national average, they remain relatively affordable, contributing to the overall lower cost of living in Magnolia.
Magnolia, Arkansas, offers a cost of living that is notably lower than the nationwide average. The housing index stands at 78, which is 22% below the national average of 100. This suggests that housing expenses in Magnolia are significantly more affordable, making it an attractive option for those looking to save on their living costs. Additionally, the groceries index is at 92, only 8% below the average, indicating that food costs remain relatively close to the national standard.
Utilities in Magnolia are priced at 95, which is 5% above the national average. This slight increase means that while utilities are not cheaper, they are not excessively higher either. Transportation costs are at 85, which is 15% below the average, offering another area where residents can save money. Healthcare costs are at 90, just 10% below the average, providing a balanced cost for essential services. Finally, the miscellaneous index is at 88, which is 12% below the average, reflecting overall lower spending on other goods and services. These factors combine to make Magnolia an attractive location for those seeking a lower cost of living without sacrificing too much in terms of quality or accessibility.
