Magnolia, MN Profile: Facts & Data

The primary coordinate point for Magnolia is located at latitude 43.6452 and longitude -96.0792 in Rock County. The formal boundaries for the City of Magnolia encompass a land area of 0.77 sq. miles and a water area of 0 sq. miles. Rock County is in the Central time zone (GMT -6).

The City of Magnolia has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Magnolia, MN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	190 (100%)
Population in Households	174 (91.6%)
Population in Families	155 (81.6%)
Population in Group Quarters¹	16 ( 8.4%)
Population Density	238
Diversity Index²	32


INCOME
Median Household Income	$78,971
Average Household Income	$107,790
% of Income for Mortgage⁴	21%
Per Capita Income	$40,376
Wealth Index⁵	98
Socioeconomic Status Index⁶	Moderate (55.8)

HOUSING
Total HU (Housing Units)	84 (100%)
Owner Occupied HU	62 (73.8%)
Renter Occupied HU	9 (10.7%)
Vacant Housing Units	13 (15.5%)
Median Home Value	$270,000
Average Home Value	$350,403
Housing Affordability Index³	117

HOUSEHOLDS
Total Households	71
Average Household Size	2.45
Family Households	55
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Magnolia, MN - Peer Comparisons by Rank and Percentile

The table below compares Magnolia to the other 914 incorporated cities, towns and CDPs in Minnesota by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.73%	-0.42%
Households	0.67%	-0.28%
Families		-0.74%
Median Household Income		2.45%
Per Capita Income		1.97%
Owner Occupied HU		0.32%

Variable Description	Rank	Percentile
Total Population	# 689	25th
Population Density	# 669	27th
Median Household Income	# 421	54th
Housing Affordability Index	# 600	66th
Per Capita Income	# 485	47th
Diversity Index	# 239	74th

Magnolia, MN Profile: Facts & Data

Magnolia, Minnesota - Basic Facts

Magnolia, MN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Magnolia, MN - Peer Comparisons by Rank and Percentile

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