Cost of Living in Magnet Cove, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.7
100 = national avg
-20.3 vs national average
Living Wage (1 Adult)
$35,068
per year
Living Wage (Family of 4)
$82,888
per year
Cost Index by Category
Housing76.0
Utilities92.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$671
per month
2 Bedroom
$880
per month
The overall cost of living index in Magnet Cove is 79.7, which is 20.3% below the national average. Housing costs are below the national average at an index of 76.0. A single adult needs to earn approximately $35,068 per year to cover basic expenses.