Cost of Living in Magnolia, TX
Population 3,230 · Texas · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Magnolia a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $285,000. The labor market has been unusually tight, with unemployment around 0.6% — below most comparable cities in the state.
Located 14 miles west of The Woodlands, Magnolia falls within that metro's commuting orbit. Median home values run roughly 41% lower than The Woodlands' $479,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Magnolia
The median home value in Magnolia is $285,200 — 6% below the national median of $305,000. Median rent runs $1,172/month, 11% lower than the national median of $1,314/month. The median household income of $70,516/year is 5% lower than the US median of $74,580. The local unemployment rate is 0.6%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 80.1°F and lows of 59.5°F. Overall, Magnolia has a cost of living index of 92 versus the US average of 100, meaning it is 8% less expensive.
Magnolia has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 63 | 68 | 74 | 80 | 87 | 92 | 94 | 95 | 91 | 82 | 72 | 65 |
| Low °F | 43 | 47 | 53 | 59 | 67 | 73 | 75 | 74 | 70 | 60 | 50 | 44 |
| Precip" | 3.53 | 2.70 | 3.36 | 3.83 | 4.94 | 5.37 | 3.73 | 4.87 | 5.19 | 5.58 | 3.98 | 3.74 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Magnolia, TX?
Magnolia has a cost index of 92 (100 = national average). It is 8% below the national average.
What is average rent in Magnolia, TX?
The median gross rent in Magnolia is $1,172 per month based on 2023 Census data.
What is the average home price in Magnolia?
The median home value in Magnolia is $285,200 according to Zillow and Census data.
What is the median income in Magnolia?
The median household income in Magnolia is $70,516 per year (2023 ACS 5-year estimates).
What is the sales tax in Magnolia, TX?
The combined state and local sales tax rate in Magnolia is 8.2%. Texas has no state income tax.
Is Magnolia, TX affordable?
Magnolia is near the national average in terms of cost of living, with an index of 92 (100 = US average).
What is the weather like in Magnolia?
Magnolia has average high temperatures of 80.1°F and average lows of 59.5°F. Annual precipitation is 50.8". Data from NOAA 1991–2020 Climate Normals.
Magnolia at a Glance
- Population
- 3,230
- Median Income
- $70,516
- Home Value
- $285,200
- Median Rent
- $1,172/mo
- Unemployment
- 0.6%
- Avg High Temp
- 80.1°F
- Sales Tax
- 8.2%
Nearby Cities
Explore county-level cost of living data
Texas Rankings
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