Magnolia, NC vs Simpson, NC

There is a significant gap in the cost of living between these two cities. Magnolia is 24.1% cheaper than Simpson. With a cost index of 55 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Magnolia to Simpson should plan for substantially higher expenses across most categories.

On the housing front, median rent in Magnolia is $521/month compared to $850/month in Simpson — a 39% difference. Home values follow the same pattern: Magnolia is more affordable at $76,900 median vs $178,200.

Median household income in Magnolia is $40,156 compared to $47,321 in Simpson (-15.1%). The higher salaries in Simpson partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Magnolia spend roughly 15.6% of their income on rent, less than the 21.6% in Simpson.