Magnolia, KY

Census Place

2024 Population

609

US Senator

Mitch McConnell

Republican Party

US Senator

Rand Paul

Republican Party

2024 Median Age

5.15% 1-year increase

2024 Poverty Rate

29.7%

6.74% 1-year decrease

2024 Median Household Income

$50,809

12.7% 1-year growth

2024 Median Property Value

$158,100

65.2% 1-year growth

Economy

The economy of Magnolia, KY employs 300 people. In 2024, the largest industries in Magnolia, KY were Manufacturing (57 people), Health Care & Social Assistance (47 people), and Public Administration (39 people), and the highest paying industries were Manufacturing ($55,515), Health Care & Social Assistance ($36,776), and Educational Services, & Health Care & Social Assistance ($36,583).

Employment

Occupations

300

2024 Value

± 139

−5.36%

1 Year decline

± 67.3%

From 2023 to 2024, employment in Magnolia, KY declined at a rate of −5.36%, from 317 employees to 300 employees.

The most common job groups, by number of people living in Magnolia, KY, are Legal Occupations (38 people), Office & Administrative Support Occupations (32 people), and Production Occupations (31 people). This chart illustrates the share breakdown of the primary jobs held by residents of Magnolia, KY.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Kentucky.

This chart shows weekly unemployment insurance claims in Kentucky (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

300

2024 Value

± 139

−5.36%

1 Year decline

± 67.3%

From 2023 to 2024, employment in Magnolia, KY declined at a rate of −5.36%, from 317 employees to 300 employees.

The most common employment sectors for those who live in Magnolia, KY, are Manufacturing (57 people), Health Care & Social Assistance (47 people), and Public Administration (39 people). This chart shows the share breakdown of the primary industries for residents of Magnolia, KY, though some of these residents may live in Magnolia, KY and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$51,033

Median earning men ± $9,970

$35,208

Median earning women ± $26,327

The industries with the best median earnings for men in 2024 are Manufacturing ($55,515) and Retail Trade ($35,192).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($36,583).

Housing & Living

The median property value in Magnolia, KY was $158,100 in 2024, which is 0.475 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $95,700 to $158,100, a 65.2% increase. The homeownership rate in Magnolia, KY is 78.5%, which is higher than the national average of 65.2%.

People in Magnolia, KY have an average commute time of 31 minutes, and they drove alone to work. Car ownership in Magnolia, KY is higher than the national average, with an average of 3 cars per household.

Housing

Property

$158,100

Median Property Value 2024

±$87,852

$197

Median Property Taxes

±$102

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Magnolia, KY the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Magnolia, KY compared to it's parent and neighbor geographies.

Rent vs Own

78.5%

Homeownership

2024

43.7%

Homeowners with Mortgage

2024

In 2024, 78.5% of the housing units in Magnolia, KY were occupied by their owner. This percentage grew from the previous year's rate of 73.3%.

This chart shows the percentage of owner in Magnolia, KY compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$50,809

Median Household Income

± $34,946

251

Number of Households

± 111

In 2024, the median household income of the 251 households in Magnolia, KY grew to $50,809 from the previous year's value of $45,083.

The following chart displays the households in Magnolia, KY distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $20k - $25k range.

Wage Distribution

The closest comparable wage GINI for Magnolia, KY is from Kentucky.

0.446

2024 Wage GINI in Kentucky

0.449

2023 Wage GINI in Kentucky

In 2024, the income inequality in Kentucky was 0.446 according to the GINI calculation of the wage distribution. Income inequality had a 0.585% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Kentucky was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Kentucky in comparison to the national average.

This chart shows the number of workers in Kentucky across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (95.1%)
Carpooled (4.86%)

In 2024, 95.1% of workers in Magnolia, KY drove alone to work, followed by those who carpooled to work (4.86%) and those who used public transit to get to work (0%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

31 minutes

Average Travel Time

Using averages, employees in Magnolia, KY have a longer commute time (31 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Magnolia, KY have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Magnolia, KY compares to that of it's neighboring and parent geographies.

Car Ownership

3 cars

Average Number

The following chart displays the households in Magnolia, KY distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Magnolia, KY have 3 cars.

Poverty

Poverty & Diversity

29.7% of the population for whom poverty status is determined in Magnolia, KY (181 out of 609 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 55 - 64, followed by Females 45 - 54 and then Females 35 - 44.

The most common racial or ethnic group living below the poverty line in Magnolia, KY is Black, followed by White and Native American.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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