Cost of Living in Magnolia, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.5
100 = national avg
+19.5 vs national average
Living Wage (1 Adult)
$52,573
per year
Living Wage (Family of 4)
$124,264
per year
Cost Index by Category
Housing143.3
Food103.9
Transportation107.8
Healthcare103.1
Utilities111.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,323
per month
2 Bedroom
$1,573
per month
The overall cost of living index in Magnolia is 119.5, which is 19.5% above the national average. Housing costs are above the national average at an index of 143.3. A single adult needs to earn approximately $52,573 per year to cover basic expenses.