Cost of Living in Magnolia, NC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
63.8
100 = national avg
-36.2 vs national average
Living Wage (1 Adult)
$28,086
per year
Living Wage (Family of 4)
$66,386
per year
Cost Index by Category
Housing48.7
Food80.7
Transportation61.4
Healthcare84.6
Utilities78.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$747
per month
2 Bedroom
$980
per month
The overall cost of living index in Magnolia is 63.8, which is 36.2% below the national average. Housing costs are below the national average at an index of 48.7. A single adult needs to earn approximately $28,086 per year to cover basic expenses.