Cost of Living in Magnolia, MS
Housing
The housing market plays a significant role in determining the cost of living in Magnolia, MS.
- Housing Index: Data is updating
- Median Home Price is: $118,500
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data for Magnolia, MS, the housing index is alarmingly low, indicating potential drawbacks in housing availability or quality, while the median home price is remarkably affordable at 118500. However, the absence of measurable average rents for both a 2-bedroom apartment and house suggests either lack of listings or possible market stasis. This could be advantageous for homebuyers seeking low entry costs. Consider exploring other local amenities, economic stability, and future development plans for a more comprehensive decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Magnolia, MS.
- Electricity Price: $13.42 USD (median by state)
- Natural Gas Price: $22.19 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Magnolia, MS could entail higher utility costs. Electricity costs sit at $13.42, while natural gas is priced at $22.19 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Magnolia is a financially viable option for your relocation.