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The total population of Magnolia is estimated to be 198 with 89 males (44.95%) and 109 females (55.05%). There are 20 more females than males in Magnolia.
The median household income in Magnolia was $45,376 in 2021, which marked an a decrease of 4,199(8.47%) from $49,575 in 2020. This income is 60.82% 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 25 to 44 years old, at $82,420. Overall, the median household income for the city of Magnolia stands at $45,376.
In Magnolia, the median income for all workers aged 15 years and older, regardless of work hours, was $31,346 for males and $30,401 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,250 for males and $39,859 for females.
In Magnolia, population is primarily represented by White households, reporting a median income of $48,641.
In 2022, the population of Magnolia was 196, a 1.51% decrease year-by-year from 2021. Previously, in 2021, Magnolia's population was 199, a decline of 0.50% compared to a population of 200 in 2020.
The median age in Magnolia, MN is 45.6, as per 2021 ACS 5-Year Estimates. Of the total population, 17.13% were under the age of 15, 21.55% aged 15 to 29, 44.75% aged 30 to 64, 16.02% aged 65 to 84, and 0.55% were 85 years of age and older.
Racial distribution of Magnolia population: 76.80% are White, 3.87% are Black or African American, 1.66% are American Indian and Alaska Native, 5.52% are Asian, 11.05% are some other race and 1.10% are multiracial.