Housing costs in Magnolia?
A typical home costs
$358,600, which is 6.1% more expensive than the national average of
$338,100 and 20.5% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in Magnolia costs
$1,310 per month, which is 2.3% more than the national average of
$1,280 and close to the state average of
$1,300.
Can I afford Magnolia?
To live comfortably in Magnolia (zip 77355), Texas, a minimum annual income of
$68,760 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Magnolia?
The cost of living in 77355 Magnolia, TX is higher than the national average. Housing costs are significantly higher, with median home prices being around $259,500 and median rent prices being about $1,700 per month. Groceries and health care are also slightly more expensive than the national average. However, transportation costs are lower due to the small town size of Magnolia. Residents enjoy low taxes as well as access to affordable entertainment options such as restaurants, cafes and shopping centers. All in all, living in Magnolia can be costly but residents get to enjoy a high quality of life and beautiful scenery!