Cost of Living in Magnolia Springs, AL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
134.7
100 = national avg
+34.7 vs national average
Living Wage (1 Adult)
$59,273
per year
Living Wage (Family of 4)
$140,099
per year
Cost Index by Category
Housing143.1
Food121.1
Transportation142.2
Healthcare116.9
Utilities121.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,200
per month
2 Bedroom
$1,345
per month
The overall cost of living index in Magnolia Springs is 134.7, which is 34.7% above the national average. Housing costs are above the national average at an index of 143.1. A single adult needs to earn approximately $59,273 per year to cover basic expenses.