Magnolia, NC
Discover how far your salary goes in Magnolia. Compare taxes, rent, and living costs.
831
5.3%
$1,131
/month
-19%
below avg
How far would your salary go in Magnolia?
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Rent Prices in Magnolia
Studio
$905
/month
$10,860/year
1 Bedroom
$1,131
/month
$13,572/year
2 Bedroom
$1,527
/month
$18,324/year
3 Bedroom
$1,979
/month
$23,748/year
Taxes in North Carolina
State Income Tax
North Carolina
For a $100k salary, that's ~$5,250/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in Magnolia, NC?▼
Magnolia has a cost of living index of 105, which is 5% above the national average. A 1-bedroom apartment costs around $1,131/month.
What is the state income tax in North Carolina?▼
North Carolina has a state income tax rate of approximately 5.3%. This is in addition to federal income tax.
How much is rent in Magnolia?▼
The median rent for a 1-bedroom apartment in Magnolia is $1,131/month. For a 2-bedroom, expect to pay around $1,527/month. This is 19% below the national average.
Is Magnolia a good place to live?▼
Magnolia is a small town with a population of 831. The cost of living is average, making it about average cost for the US.
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