Living in Magnolia, Illinois
Cost of living, income, home prices, rent and demographics of Magnolia · Census data 2020–2024
Magnolia has 232 residents with a median age of 52.5. The median household income is $81,406 (about the same as the Illinois median), the median home value is $153,000.
Magnolia is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Magnolia at a glance
- Population
- 232
- Median age
- 52.5State: 39
- Median household income
- $81,406State: $83,390
- Median home value
- $153,000State: $263,300
- Homeowners
- 74.8%
- Bachelor's degree or higher
- 9.8%
- Average commute
- 26 min
Is Magnolia a good place to live?
Pros: Home values 42% lower than the state median; an average commute of 26 minutes; unemployment of 5.4%; a poverty rate of 3.9%.
Cons: Median household income about the same as the Illinois median.
The weather is best in May–June and August–September.
Cost of living in Magnolia
Housing is the biggest part of the cost of living. In Magnolia the median home value is $153,000, 54% lower than the U.S. median. Renters pay a median of — per month, which is 17.2% of household income. Homeowners with a mortgage pay $1,313 a month in housing costs.
Magnolia median household income
The median household income in Magnolia is $81,406 and the income per person is $44,380. 3.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Magnolia: homes for sale and rent
- Housing units
- 131
- Owner-occupied
- 74.8%
- Renter-occupied
- 25.2%
- Vacant
- 15.3%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.09
Magnolia demographics
- Population
- 232
- Median age
- 52.5
- Under 18
- 6.9%
- 65 and older
- 37.1%
- Households
- 111
- Foreign-born
- 0%
- Veterans
- 19.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Magnolia ›
Education in Magnolia
9.8% of adults 25 and older in Magnolia have a bachelor's degree or higher (Illinois: 37.8%), and 1.1% have a graduate or professional degree.
Jobs and commute in Magnolia
- Unemployment rate
- 5.4%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 9.6%
- Drive alone
- 75%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 46.8%
Magnolia vs nearby towns
More for people moving to Magnolia
Magnolia ZIP code ›Weather and climate ›Living in Magnolia: FAQ
What is the median household income in Magnolia, IL?
The median household income in Magnolia is $81,406, about the same as the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Magnolia?
The median home value in Magnolia is $153,000, compared with $263,300 in Illinois.
Is Magnolia, IL a good place to live?
Pluses: home values 42% lower than the state median; an average commute of 26 minutes; unemployment of 5.4%; a poverty rate of 3.9%. Minuses: median household income about the same as the Illinois median.
What is the median age in Magnolia?
The median age in Magnolia is 52.5 years (Illinois: 39).
How long is the commute in Magnolia?
The average commute to work in Magnolia is 26 minutes; 9.6% of workers work from home.
What is the unemployment rate in Magnolia?
The unemployment rate in Magnolia is 5.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Magnolia?
9.8% of adults in Magnolia have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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