Magnolia, NC is a great place to live for many reasons. It has a small-town feel but also offers big city amenities. The cost of living is significantly lower than the US average, with two bedroom rent being $830 compared to the US average of $1,430. The grocery cost index in Magnolia is also only 93 as opposed to 100 in the US. This makes it an affordable option for people looking to move to a new area or those on a budget.
The town itself offers plenty of opportunity for work and leisure activities, with many local businesses such as Magnolia Pharmacy & Medical Supply and Hines Pest Management operating within its boundaries. There are also plenty of parks and recreational spaces which offer great opportunities to get outdoors and enjoy nature. All these benefits make Magnolia an attractive destination for those looking for a home with an affordable cost of living and plenty of job prospects.
Magnolia has an unemployment rate of 4.1%. The US average is 6.0%.
Magnolia has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Magnolia
- The Sales Tax Rate for Magnolia is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Magnolia is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Magnolia
- The average income of a Magnolia resident is $18,066 a year. The US average is $37,638 a year.
- The Median household income of a Magnolia resident is $43,750 a year. The US average is $69,021 a year.