Cost of Living in Magnolia, MS
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
69.8
100 = national avg
-30.2 vs national average
Living Wage (1 Adult)
$30,705
per year
Living Wage (Family of 4)
$72,576
per year
Cost Index by Category
Housing69.8
Food78.6
Transportation57.2
Healthcare82.9
Utilities81.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$845
per month
2 Bedroom
$986
per month
The overall cost of living index in Magnolia is 69.8, which is 30.2% below the national average. Housing costs are below the national average at an index of 69.8. A single adult needs to earn approximately $30,705 per year to cover basic expenses.