Cost of Living in Magnolia, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.7
100 = national avg
-9.3 vs national average
Living Wage (1 Adult)
$39,920
per year
Living Wage (Family of 4)
$94,355
per year
Cost Index by Category
Housing61.9
Food105.4
Transportation110.8
Healthcare104.3
Utilities95.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,148
per month
2 Bedroom
$1,368
per month
The overall cost of living index in Magnolia is 90.7, which is 9.3% below the national average. Housing costs are below the national average at an index of 61.9. A single adult needs to earn approximately $39,920 per year to cover basic expenses.