Magnolia is a somewhat small city located in the state of Texas. With a population of 6,506 people and 13 associated neighborhoods, Magnolia is the 598th largest community in Texas. Much of the housing stock in Magnolia was built relatively recently. The construction of new real estate can often be taken as an indication that the local Magnolia economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Magnolia, where the median household income is $78,605.00.
Also of interest is that Magnolia has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Magnolia telecommute to their jobs. Overall, about 10.53% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One downside of living in Magnolia, however, is that residents on average have to contend with a long commute, spending on average 32.60 minutes every day commuting to work.
As is often the case in a small city, Magnolia doesn't have a public transportation system that people use for their commute.
The percentage of people in Magnolia who are college-educated is somewhat higher than the average US community of 21.84%: 26.92% of adults in Magnolia have at least a bachelor's degree.
The per capita income in Magnolia in 2022 was $66,247, which is wealthy relative to Texas and the nation. This equates to an annual income of $264,988 for a family of four. However, Magnolia contains both very wealthy and poor people as well.
Magnolia is an extremely ethnically-diverse city. The people who call Magnolia home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Magnolia residents report their race to be White, followed by Black or African-American. Magnolia also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 21.90% of the city’s residents. Important ancestries of people in Magnolia include German, Irish, English, Italian, and Scots-Irish.
The most common language spoken in Magnolia is English. Other important languages spoken here include Spanish and Korean.