Living in Magna, Utah
Cost of living, income, home prices, rent and demographics of Magna · Census data 2020–2024
Magna has 30,031 residents with a median age of 33.4. The median household income is $90,346 (5% lower than the Utah median), the median home value is $376,200, the median rent is $1,625/month.
Magna at a glance
- Population
- 30,031
- Median age
- 33.4State: 32
- Median household income
- $90,346State: $95,166
- Median home value
- $376,200State: $489,400
- Median rent
- $1,625/moState: $1,496
- Homeowners
- 78.9%
- Bachelor's degree or higher
- 13%
- Average commute
- 24 min
Is Magna a good place to live?
Pros: Home values 23% lower than the state median.
Cons: Median household income 5% lower than the Utah median; an average commute of 24 minutes; unemployment of 4.5%; a poverty rate of 10.8%.
The weather is best in May–June and August–September.
Cost of living in Magna
Housing is the biggest part of the cost of living. In Magna the median home value is $376,200, 13% higher than the U.S. median. Renters pay a median of $1,625 per month, which is 35.5% of household income. Homeowners with a mortgage pay $1,832 a month in housing costs.
Magna median household income
The median household income in Magna is $90,346 and the income per person is $30,263. 10.8% of residents live below the poverty line (Utah: 8.5%).
Housing in Magna: homes for sale and rent
- Housing units
- 9,319
- Owner-occupied
- 78.9%
- Renter-occupied
- 21.1%
- Vacant
- 2%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 3.29
Magna demographics
- Population
- 30,031
- Median age
- 33.4
- Under 18
- 28.7%
- 65 and older
- 8.7%
- Households
- 9,131
- Foreign-born
- 18.6%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Magna ›
Education in Magna
13% of adults 25 and older in Magna have a bachelor's degree or higher (Utah: 37.7%), and 3.6% have a graduate or professional degree.
Jobs and commute in Magna
- Unemployment rate
- 4.5%State: 3.6%
- Average commute
- 24 minState: 22 min
- Work from home
- 10.4%
- Drive alone
- 72.7%
- Public transit
- 0.8%
- Walk to work
- 0.3%
- Homes with broadband
- 95.8%
Magna vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Magna | 30,031 | $90,346 | $376,200 | $1,625 |
| Lake Point | 2,563 | $137,367 | $604,300 | — |
| Stansbury Park | 11,242 | $126,526 | $481,900 | $1,707 |
| West Valley City | 138,437 | $92,209 | $419,100 | $1,504 |
| Erda | 3,881 | $148,676 | $658,800 | $1,808 |
| Kearns | 37,696 | $86,968 | $373,700 | $1,744 |
| Copperton | 1,060 | $83,000 | $397,300 | $1,356 |
| Salt Lake City | 208,007 | $75,090 | $539,500 | $1,414 |
| Taylorsville | 58,678 | $86,413 | $433,800 | $1,482 |
More for people moving to Magna
Magna ZIP code ›Weather and climate ›Living in Magna: FAQ
What is the median household income in Magna, UT?
The median household income in Magna is $90,346, 5% lower than the Utah median of $95,166 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Magna?
The median home value in Magna is $376,200, compared with $489,400 in Utah.
How much is rent in Magna?
The median gross rent in Magna is $1,625 per month, about 35.5% of household income.
Is Magna, UT a good place to live?
Pluses: home values 23% lower than the state median. Minuses: median household income 5% lower than the Utah median; an average commute of 24 minutes; unemployment of 4.5%; a poverty rate of 10.8%.
What is the median age in Magna?
The median age in Magna is 33.4 years (Utah: 32).
How long is the commute in Magna?
The average commute to work in Magna is 24 minutes; 10.4% of workers work from home.
What is the unemployment rate in Magna?
The unemployment rate in Magna is 4.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Magna?
13% of adults in Magna 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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