Holloway, MN vs Magnolia, MN

Holloway is moderately more affordable than Magnolia, with a 7.1% lower cost of living index. Holloway scores 56 compared to 61 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 Holloway is $581/month compared to $754/month in Magnolia — a 23% difference. Home values follow the same pattern: Holloway is more affordable at $63,800 median vs $78,000.

Median household income in Holloway is $45,625 compared to $47,159 in Magnolia (-3.3%). Magnolia does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Holloway spend roughly 15.3% of their income on rent, less than the 19.2% in Magnolia.

Climate-wise, both cities share similar average temperatures (42.5°F vs 45.1°F). Magnolia receives more rainfall at 29.6" per year compared to 24.1" in Holloway.