Cost of Living in Magnolia, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
74.2
100 = national avg
-25.8 vs national average
Living Wage (1 Adult)
$32,670
per year
Living Wage (Family of 4)
$77,220
per year
Cost Index by Category
Housing64.0
Food86.0
Transportation72.1
Healthcare88.8
Utilities84.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Magnolia is 74.2, which is 25.8% below the national average. Housing costs are below the national average at an index of 64.0. A single adult needs to earn approximately $32,670 per year to cover basic expenses.