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The total population of Magnolia is estimated to be 944 with 458 males (48.52%) and 486 females (51.48%). There are 28 more females than males in Magnolia.
The median household income in Magnolia was $47,290 in 2021, which marked an an increase of 6,130(14.89%) from $41,160 in 2020. This income is 63.39% 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 45 to 64 years old, at $83,320. Overall, the median household income for the town of Magnolia stands at $47,290.
In Magnolia, the median income for all workers aged 15 years and older, regardless of work hours, was $32,815 for males and $18,747 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $34,923 for males and $27,248 for females.
In Magnolia, there are just two different racial groups among households. Among these, White households report a median household income of $59,675, while Black or African American households have a median household income of $30,217.
In 2022, the population of Magnolia was 845, a 0.96% increase year-by-year from 2021. Previously, in 2021, Magnolia's population was 837, an increase of 0.12% compared to a population of 836 in 2020.
The median age in Magnolia, NC is 38.6, as per 2021 ACS 5-Year Estimates. Of the total population, 22.00% were under the age of 15, 15.68% aged 15 to 29, 51.37% aged 30 to 64, 9.73% aged 65 to 84, and 1.23% were 85 years of age and older.
Racial distribution of Magnolia population: 55.71% are White, 24.83% are Black or African American, 0.28% are American Indian and Alaska Native, 0.09% are Asian, 6.61% are some other race and 12.46% are multiracial.