Magnolia Springs cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexMagnolia SpringsAlabamaNational
Cost of living index10389100
IndexMagnolia SpringsAlabamaNational
Goods & Services index9698100
Groceries index10398100
Health care index8885100
Housing index11573100
Transportation index9692100
Utilities index10799100

Did you know?

  • The cost of living in Magnolia Springs is 15% higher than the Alabama average.
  • The cost of living in Magnolia Springs is 3% higher than the national average.
  • The cost of housing in Magnolia Springs is 15% higher than the national average.
  • Alabama general sales tax is 21% lower than the national average.
  • Alabama state income tax is 10% lower than the national average.

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Compare Magnolia Springs, AL Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$48,750$4,063$1,137$1,463
Renters$32,000$2,667$747$960

Alabama Sales Tax

StateGeneral Sales TaxWith Max Surtax
Alabama4%10%

Alabama Income Tax

StateIncome Tax (Low)Income Tax (High)
Alabama2%5%

Goods & Services

ItemMagnolia SpringsNational avg.Difference
Haircut $13.38$14.598.3%
Beauty Salon $33.88$34.682.3%
Toothpaste $3.04$2.4722.9%
Shampoo $1.04$1.021.8%
Movie $9.75$9.871.2%
Bowling $4.02$4.398.5%

Groceries

ItemMagnolia SpringsNational avg.Difference
Ground Beef $3.83$4.4814.4%
Fried Chicken $1.47$1.460.4%
Milk $2.61$2.3610.7%
Potatoes $3.72$3.0621.5%
Pizza $8.00$9.2413.4%
Beer $8.82$8.632.2%

Health Care

ItemMagnolia SpringsNational avg.Difference
Optometrist $94.50$99.785.3%
Doctor $78.60$105.0325.2%
Dentist $79.40$88.7010.5%
Ibuprofen $9.84$9.414.5%
Lipitor $273.56$298.508.4%

Housing

ItemMagnolia SpringsNational avg.Difference
Home Price $210,300.00$175,700.0019.7%
Avg. Mortgage Payment $832.83$1,081.0323.0%
Apartment Rent $958.00$920.004.1%

Transportation

ItemMagnolia SpringsNational avg.Difference
Gasoline $1.92$2.098.2%
Tire Balancing $47.96$45.295.9%

Utilities

ItemMagnolia SpringsNational avg.Difference
All Electricity$188.02$170.8010.1%
Phone $29.01$28.262.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Elberta, AL1,47088-12%
Summerdale, AL1,07692-8%
Loxley, AL2,17092-8%
Robertsdale, AL5,55692-8%
Foley, AL15,42895-5%
Magnolia Springs, AL7661033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Reece City, AL76686-14%
Campbellsburg, KY76691-9%
Coon Valley, WI76684-16%
Plains, MT76686-14%
Alma, WI76695-5%
Magnolia Springs, AL7661033%
Source: The Magnolia Springs, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.