Magnolia, MS vs Raleigh, MS
There is a significant gap in the cost of living between these two cities. Raleigh is 15.3% cheaper than Magnolia. With a cost index of 55 vs 63, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Raleigh to Magnolia should plan for substantially higher expenses across most categories.
On the housing front, median rent in Magnolia is $890/month compared to $475/month in Raleigh — a 87% difference. Interestingly, home values tell a different story: while Raleigh has cheaper rent, Magnolia actually has lower median home values ($60,000 vs $110,700).
Median household income in Magnolia is $37,447 compared to $35,833 in Raleigh (+4.5%). 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 Magnolia spend roughly 28.5% of their income on rent, more than the 15.9% in Raleigh.
Climate-wise, Magnolia is notably warmer with an average of 66.2°F compared to 63.2°F in Raleigh. Magnolia receives more rainfall at 60.6" per year compared to 58.2" in Raleigh.
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Climate
NOAA 30-year normals (1991-2020)