Cost Of Living in Magnolia, DE

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B+

3%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

14%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Magnolia	Delaware	National
Cost of living	97	108	100
Goods & Services	101	104	100
Groceries	100	102	100
Health care	99	103	100
Housing	86	121	100
Transportation	101	102	100
Utilities	107	98	100

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Cost Of Living Quick Facts

The cost of living in Magnolia is 10% lower than the Delaware average
The cost of living in Magnolia is 3% lower than the national average
Magnolia housing is 14% lower than the national average
Delaware general sales tax is 100% lower than the national average
Delaware state income tax is 15% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$102,661	$8,555	$2,395	$3,080
Renters	$0	$0	$0	$0

Delaware Sales Tax

State	General Sales Tax	With Max Surtax
Delaware	0%	0%

Delaware Income Tax

State	Income Tax (Low)	Income Tax (High)
Delaware	2.2%	6.6%

Goods & Services

Item	Magnolia	National avg.	Difference
Haircut	$23.17	$24.26	4.5%
Beauty Salon	$52.17	$45.56	14.5%
Toothpaste	$3.59	$3.70	3.1%
Shampoo	$1.28	$1.28	0.0%
Movie	$12.40	$12.13	2.2%
Bowling	$19.44	$18.00	8.0%

Groceries

Item	Magnolia	National avg.	Difference
Ground Beef	$6.11	$5.84	4.7%
Fried Chicken	$1.41	$1.57	10.1%
Milk	$4.68	$4.67	0.1%
Potatoes	$5.38	$4.93	9.0%
Pizza	$12.29	$12.09	1.7%
Beer	$11.43	$10.41	9.8%

Health Care

Item	Magnolia	National avg.	Difference
Optometrist	$143.30	$125.68	14.0%
Doctor	$134.50	$135.78	0.9%
Dentist	$120.11	$113.29	6.0%
Ibuprofen	$10.51	$10.65	1.3%
Lipitor	$377.86	$468.60	19.4%

Housing

Item	Magnolia	National avg.	Difference
Home Price	$141,800.00	$184,700.00	23.2%
Avg. Mortgage Payment	$1,951.15	$2,346.69	16.9%
Apartment Rent	$1,025.00	$949.00	8.0%

Transportation

Item	Magnolia	National avg.	Difference
Gasoline	$3.44	$3.46	0.5%
Tire Balancing	$62.39	$59.92	4.1%

Utilities

Item	Magnolia	National avg.	Difference
All Electricity	$214.53	$193.99	10.6%
Phone	$195.25	$192.25	1.6%

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	Population	Cost of Living Index	National Avg.
Hartly, DE	167	83	16.5%
Farmington, DE	184	91	9.1%
Little Creek, DE	288	93	7.3%
Leipsic, DE	141	95	4.9%
Rodney Village, DE	1,165	96	4.1%
Magnolia, DE	379	97	3.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Rough Rock, AZ	379	85	15.3%
McCausland, IA	379	95	5.4%
Hall Summit, LA	379	81	19.3%
South Glastonbury, MT	379	142	42.4%
Coinjock, NC	379	101	1.3%
Magnolia, DE	379	97	3.0%