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The total population of Magnolia is estimated to be 3,243 with 1,741 males (53.68%) and 1,502 females (46.32%). There are 239 less females than males in Magnolia.
The median household income in Magnolia was $34,136 in 2021, which marked an a decrease of 1,343(3.79%) from $35,479 in 2020. This income is 45.76% 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 $45,804. Overall, the median household income for the city of Magnolia stands at $34,136.
In Magnolia, the median income for all workers aged 15 years and older, regardless of work hours, was $22,925 for males and $15,337 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,496 for males and $22,819 for females.
In Magnolia, there are just two different racial groups among households. Among these, White households report a median household income of $51,785, while Black or African American households have a median household income of $24,922.
In 2022, the population of Magnolia was 1,847, a 1.07% decrease year-by-year from 2021. Previously, in 2021, Magnolia's population was 1,867, a decline of 0.69% compared to a population of 1,880 in 2020.
The median age in Magnolia, MS is 33.1, as per 2021 ACS 5-Year Estimates. Of the total population, 17.38% were under the age of 15, 31.43% aged 15 to 29, 33.64% aged 30 to 64, 14.84% aged 65 to 84, and 2.72% were 85 years of age and older.
Racial distribution of Magnolia population: 32% are White, 64.85% are Black or African American, 0.27% are some other race and 2.87% are multiracial.