Booneville, AR vs Magnolia, AR

Booneville is moderately more affordable than Magnolia, with a 6.4% lower cost of living index. Booneville scores 59 compared to 64 for Magnolia, where the US average is 100. This difference means residents of Magnolia can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Booneville is $727/month compared to $622/month in Magnolia — a 17% difference. Interestingly, home values tell a different story: while Magnolia has cheaper rent, Booneville actually has lower median home values ($91,800 vs $166,500).

Median household income in Booneville is $49,653 compared to $42,188 in Magnolia (+17.7%). Booneville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Booneville spend roughly 17.6% of their income on rent, less than the 17.7% in Magnolia.