Last updated: 2024 BLS data · Page refreshed:
Magna has a population of 30,031 with a median age of 33.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 30,031 |
| Median Age | 33.4 |
| White | 55.2% |
| Black or African American | 1.2% |
| Asian | 1.7% |
| Hispanic or Latino | 39.7% |
| Other / Two or More Races | 2.2% |
The median household income in Magna is $90,346, which is 12.1% above the national median of $80,610. The per capita income is $30,263. The poverty rate is 10.8%.
The unemployment rate in Magna is 3.8%, compared to the national rate of 4.1%.
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In Magna, 86.1% of residents age 25+ have a high school diploma or higher, and 13.0% hold a bachelor's degree or higher (3.6% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 86.1% |
| Bachelor's Degree or Higher | 13.0% |
| Graduate or Professional Degree | 3.6% |
The median home value in Magna is $376,200, above the national median of $303,400. The median monthly rent is $1,625. The homeownership rate is 78.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $376,200 |
| Median Monthly Rent | $1,625 |
| Homeownership Rate | 78.9% |
| Vacancy Rate | 2.0% |
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