States › Arkansas › Magnolia

Is Magnolia, AR expensive to live in?

CheapRent takes 13 cents of every $1 people earn here.
🏠 Rent per month (2026)$67861% lower than U.S. average
💵 Families earn per year (2026)$60,533about $5,044/month · 30% lower than U.S. average
🔑 House price$169,30049% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 17.7 minutes.

How much money do I need?

To rent here comfortably, you should earn about $27,120 a year. That is $13 an hour at a full-time job.

Is rent cheaper than other Arkansas cities?

Yes. Rent here is cheaper than in most of Arkansas. It is number 5 of 71 cities from cheapest to most expensive.

Magnolia
$678
Lowell
$2,165
Malvern
$815
Batesville
$928
Camden
$1,109
Arkadelphia
$714
Greenwood
$1,374

How much do households earn in Magnolia?

Under $25k
19.3%
$25k–50k
25.2%
$50k–100k
31.7%
$100k–150k
8.5%
$150k+
4.3%

Share of households by yearly income. 12.8% of households earn $100,000 or more.

Rent by apartment size in Magnolia

SizeMagnoliaU.S. average
1 bedroom$451$1,324
2 bedrooms$850$1,509
3 bedrooms$822$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Magnolia overall?

Everyday prices in Arkansas overall are 13% below the U.S. average (index 86.9, U.S. = 100).

Housing
58
Goods (food, clothes…)
94
Utilities
75
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Magnolia, so the Arkansas figure is shown.

Taxes and bills in Magnolia

🏛️ Property tax$895a year · 0.53% of home value · U.S. $3,119
⚡ Electric bill$171a month (typical) · U.S. $156

Life in Magnolia

Commute to work17.7 minU.S.: 26.4 min
College degree23%U.S.: 35.7%
Own their home53.7%U.S.: 65.2%
Below poverty line22.7%U.S.: 12.5%
Unemployment2.7%U.S.: 5.2%

Is it cheaper to rent or buy in Magnolia?

Renting is cheaper right now: about $497 a month less.

Renting
$678
Owning
$1,175

Owning assumes a typical $169,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,930 for the down payment.

Frequently asked questions

What is the average rent in Magnolia, AR?

Renting in Magnolia costs a median of about $678 a month in 2026, including utilities. The Arkansas median is $1,068.

How much do I need to make to live in Magnolia?

To keep rent under 30% of income, you need about $27,120 a year, or $13 an hour at a full-time job.

Is Magnolia cheap or expensive?

Magnolia is rated Cheap: rent takes 13.4% of the typical household income of $60,533. It ranks 5th cheapest of 71 Arkansas cities we track.

How much are property taxes in Magnolia?

The median homeowner in Magnolia pays $895 a year in property taxes, about 0.53% of the median home value.

Is Magnolia more expensive than the national average?

Overall prices in Arkansas are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Magnolia?

The median home value in Magnolia is $169,300, about 2.8 times the typical yearly household income.

10,894 people live in Magnolia. Numbers are typical (middle) values.