In 2023, Magnolia, IA had a population of 148 people with a median age of 53.6 and a median household income of $72,500. Between 2022 and 2023 the population of Magnolia, IA grew from 144 to 148, a 2.78% increase and its median household income declined from $73,333 to $72,500, a −1.14% decrease.
The 5 largest ethnic groups in Magnolia, IA are White (Non-Hispanic) (97.3%), Two Races Excluding Other, & Three or More Races (Non-Hispanic) (1.35%), White (Hispanic) (1.35%), Black or African American (Non-Hispanic) (0%), and American Indian & Alaska Native (Non-Hispanic) (0%).
None of the households in Magnolia, IA reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
100% of the residents in Magnolia, IA are U.S. citizens.
In 2023, the median property value in Magnolia, IA was $110,000, and the homeownership rate was 91.2%.
Most people in Magnolia, IA drove alone to work, and the average commute time was 23.5 minutes. The average car ownership in Magnolia, IA was 1 car per household.