Lonoke, AR vs Magnolia, AR

Lonoke, AR and Magnolia, AR have a very similar cost of living, with only a 3.2% difference in their overall index. Lonoke scores 66 while Magnolia scores 64 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lonoke is $794/month compared to $622/month in Magnolia — a 28% difference. Interestingly, home values tell a different story: while Magnolia has cheaper rent, Lonoke actually has lower median home values ($123,700 vs $166,500).

Median household income in Lonoke is $49,323 compared to $42,188 in Magnolia (+16.9%). While Lonoke is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lonoke spend roughly 19.3% of their income on rent, more than the 17.7% in Magnolia.