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The total population of Magnolia Springs is estimated to be 1,325 with 598 males (45.13%) and 727 females (54.87%). There are 129 more females than males in Magnolia Springs.
The median household income in Magnolia Springs was $88,403 in 2021, which marked an a decrease of 998(1.12%) from $89,401 in 2020. This income is 118.49% 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 Springs sees its highest median household income among householders in the age group of 25 to 44 years old, at $132,828. Overall, the median household income for the town of Magnolia Springs stands at $88,403.
In Magnolia Springs, the median income for all workers aged 15 years and older, regardless of work hours, was $55,397 for males and $35,805 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $87,899 for males and $68,618 for females.
In Magnolia Springs, population is primarily represented by White households, reporting a median income of $88,693.
In 2022, the population of Magnolia Springs was 828, a 1.60% increase year-by-year from 2021. Previously, in 2021, Magnolia Springs's population was 815, an increase of 0.87% compared to a population of 808 in 2020.
The median age in Magnolia Springs, AL is 48.3, as per 2021 ACS 5-Year Estimates. Of the total population, 15.25% were under the age of 15, 13.93% aged 15 to 29, 48.23% aged 30 to 64, 20.58% aged 65 to 84, and 2.01% were 85 years of age and older.
Racial distribution of Magnolia Springs population: 91.13% are White, 0.76% are Black or African American, 0.21% are Asian, 1.73% are some other race and 6.17% are multiracial.