Magnolia Springs, AL
Discover how far your salary goes in Magnolia Springs. Compare taxes, rent, and living costs.
811
5.0%
$893
/month
-36%
below avg
How far would your salary go in Magnolia Springs?
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Rent Prices in Magnolia Springs
Studio
$714
/month
$8,568/year
1 Bedroom
$893
/month
$10,716/year
2 Bedroom
$1,205
/month
$14,460/year
3 Bedroom
$1,562
/month
$18,744/year
Taxes in Alabama
State Income Tax
Alabama
For a $100k salary, that's ~$5,000/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 workFrequently Asked Questions
What is the cost of living in Magnolia Springs, AL?▼
Magnolia Springs has a cost of living index of 83, which is 17% below the national average. A 1-bedroom apartment costs around $893/month.
What is the state income tax in Alabama?▼
Alabama has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.
How much is rent in Magnolia Springs?▼
The median rent for a 1-bedroom apartment in Magnolia Springs is $893/month. For a 2-bedroom, expect to pay around $1,205/month. This is 36% below the national average.
Is Magnolia Springs a good place to live?▼
Magnolia Springs is a small town with a population of 811. The cost of living is very affordable, making it more affordable than average for the US.
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