Living in Magnolia, Minnesota
Cost of living, income, home prices, rent and demographics of Magnolia · Census data 2020–2024
Magnolia has 215 residents with a median age of 34.5. The median household income is $53,594 (40% lower than the Minnesota median), the median home value is $98,300, the median rent is $715/month.
Magnolia is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Magnolia at a glance
- Population
- 215
- Median age
- 34.5State: 38.8
- Median household income
- $53,594State: $89,062
- Median home value
- $98,300State: $329,300
- Median rent
- $715/moState: $1,280
- Homeowners
- 71%
- Bachelor's degree or higher
- 4.2%
- Average commute
- 26 min
Is Magnolia a good place to live?
Pros: Home values 70% lower than the state median; unemployment of 1.5%.
Cons: Median household income 40% lower than the Minnesota median; an average commute of 26 minutes; a poverty rate of 16.3%.
The weather is best in June to September.
Cost of living in Magnolia
Housing is the biggest part of the cost of living. In Magnolia the median home value is $98,300, 70% lower than the U.S. median. Renters pay a median of $715 per month, which is 9% of household income. Homeowners with a mortgage pay $983 a month in housing costs.
Magnolia median household income
The median household income in Magnolia is $53,594 and the income per person is $27,185. 16.3% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Magnolia: homes for sale and rent
- Housing units
- 102
- Owner-occupied
- 71%
- Renter-occupied
- 29%
- Vacant
- 8.8%Includes seasonal homes
- Median year built
- 1950
- Average household size
- 2.24
Magnolia demographics
- Population
- 215
- Median age
- 34.5
- Under 18
- 19.5%
- 65 and older
- 13.5%
- Households
- 93
- Foreign-born
- 14.9%
- Veterans
- 18.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Magnolia ›
Education in Magnolia
4.2% of adults 25 and older in Magnolia have a bachelor's degree or higher (Minnesota: 39.4%), and 0% have a graduate or professional degree.
Jobs and commute in Magnolia
- Unemployment rate
- 1.5%State: 4.1%
- Average commute
- 26 minState: 23 min
- Work from home
- 1.5%
- Drive alone
- 97%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 93.5%
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, MN?
The median household income in Magnolia is $53,594, 40% lower than the Minnesota median of $89,062 (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 $98,300, compared with $329,300 in Minnesota.
How much is rent in Magnolia?
The median gross rent in Magnolia is $715 per month, about 9% of household income.
Is Magnolia, MN a good place to live?
Pluses: home values 70% lower than the state median; unemployment of 1.5%. Minuses: median household income 40% lower than the Minnesota median; an average commute of 26 minutes; a poverty rate of 16.3%.
What is the median age in Magnolia?
The median age in Magnolia is 34.5 years (Minnesota: 38.8).
How long is the commute in Magnolia?
The average commute to work in Magnolia is 26 minutes; 1.5% of workers work from home.
What is the unemployment rate in Magnolia?
The unemployment rate in Magnolia is 1.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Magnolia?
4.2% 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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