Cost of living in Magnolia
Magnolia, Arkansas, offers a unique blend of small-town charm and modern amenities. Understanding the cost of living in Magnolia is crucial for anyone considering a move to this city.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $15 and $28.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $50 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.75, with a range between $10 and $11.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $7, imported beer $5 to $8, cappuccino $3.5 to $7, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.83 and $1.19 per liter, averaging $0.99.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.09 and $3.99, with an average price of $3.36.
- Eggs (Dozen) - A dozen eggs range from $1.89 to $3, averaging $2.83.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $11.02 per kg, while oranges range from $2.18 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.65 and $6.61 per kg, and lettuce costs $1.19 to $2 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.7 and $0.85 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $1.24 to $1.5 per km and $24 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $25,000 and $30,000, while a Toyota Corolla ranges from $24,700 to $27,000.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre is not specified in the data provided.
- 3-Bedroom Apartment Rent (Outside Centre) - Rent for a 3-bedroom apartment outside the city centre is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $180 and $450, averaging $276.4.
- Internet - Internet services range from $50 to $86, with an average cost of $65.76.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Magnolia offers a relatively affordable cost of living compared to larger cities, with moderate prices for dining and groceries.
Transportation costs are reasonable, especially for gasoline, but car purchase prices are consistent with national averages.
Utility costs are moderate, and internet services are competitively priced, making Magnolia a balanced choice for potential residents.
Conclusion
In conclusion, Magnolia, AR, presents a cost-effective living environment with reasonable expenses across various categories.
While housing data is limited, the available information suggests that Magnolia is a viable option for those seeking affordability without sacrificing quality of life.