Cost of Living in Magnolia
Magnolia's cost of living runs genuinely low on housing and property tax even as this record discloses a real, above-average combined sales tax rate.
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Learn moreAffordable home values with a modest cross-source spread
A 2024-dated median property value of $152,100 and a separate U.S. News figure of $167,135 both run genuinely below the national median (base record).
A real rent spread across property types
Median gross rent ran approximately $656/month in 2024, though small standalone houses were separately cited renting near $1,200/month -- likely a different rental segment (base record).
A low property tax offset by a high sales tax
Magnolia's 0.74% effective property tax rate runs genuinely below both Arkansas and national medians, but its combined 10.25% sales tax rate runs above Arkansas's own already-elevated 9.48% statewide average (base record).
Key takeaways
- Home values run genuinely affordable ($152,100-$167,135 across sources).
- Median gross rent runs approximately $656/month, though single-family rentals run notably higher.
- A 0.74% property tax rate is genuinely low, offset by a 10.25% combined sales tax rate above Arkansas's statewide average.
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