Last updated: 2024 BLS data · Page refreshed:
Magnolia has a population of 3,059 with a median age of 36.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 3,059 |
| Median Age | 36.0 |
| White | 27.0% |
| Black or African American | 67.5% |
| Hispanic or Latino | 3.3% |
| Other / Two or More Races | 2.2% |
The median household income in Magnolia is $55,057, which is 31.7% below the national median of $80,610. The per capita income is $21,957. The poverty rate is 29.8%.
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In Magnolia, 72.2% of residents age 25+ have a high school diploma or higher, and 9.4% hold a bachelor's degree or higher (5.8% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 72.2% |
| Bachelor's Degree or Higher | 9.4% |
| Graduate or Professional Degree | 5.8% |
The median home value in Magnolia is $72,500, below the national median of $303,400. The median monthly rent is $939. The homeownership rate is 78.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $72,500 |
| Median Monthly Rent | $939 |
| Homeownership Rate | 78.3% |
| Vacancy Rate | 18.9% |
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