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The total population of Magnolia is estimated to be 263 with 135 males (51.33%) and 128 females (48.67%). There are 7 less females than males in Magnolia.
The median household income in Magnolia was $67,557 in 2021, which marked an a decrease of 25,042(27.04%) from $92,599 in 2020. This income is 90.55% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Magnolia sees its highest median household income among householders in the age group of 65 years and over old, at $117,051. Overall, the median household income for the town of Magnolia stands at $67,557.
In Magnolia, the median income for all workers aged 15 years and older, regardless of work hours, was $38,756 for males and $28,374 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $106,064 for males and $31,977 for females.
In Magnolia, population is primarily represented by White households, reporting a median income of $81,068.
In 2022, the population of Magnolia was 283, a 0.71% increase year-by-year from 2021. Previously, in 2021, Magnolia's population was 281, an increase of 1.44% compared to a population of 277 in 2020.
The median age in Magnolia, DE is 36.6, as per 2021 ACS 5-Year Estimates. Of the total population, 20.57% were under the age of 15, 20.00% aged 15 to 29, 39.14% aged 30 to 64, 20.00% aged 65 to 84, and 0.29% were 85 years of age and older.
Racial distribution of Magnolia population: 62.29% are White, 33.43% are Black or African American and 4.29% are multiracial.