Cost of Living in Magness, AR

With a cost of living index of 87, Magness, AR is a very affordable place to live. Living here is 13% cheaper than the national average and 17% above the Arkansas state average of 70. Magness is a small community of 122 residents.

The median household income in Magness is $35,500, which is 53% lower than the national median of $75,149. Residents spend roughly 35% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.