Magnolia, Illinois Demographics & Population 2026
During the 2020–2024 ACS period, Magnolia, Illinois had a total population of 232, the 1164th largest village in Illinois, with a median household income of $81,406, which is 2% lower than the state average. The poverty rate is 3.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- An exceptionally low poverty rate of 3.9% — among the lowest in Illinois.
- Only 9.8% of adults have a bachelor's degree, well below the national average of 35.7%.
- Housing is very affordable with a home-value-to-income ratio of just 1.9x.
Magnolia Quick Facts
How Magnolia Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 212 | 232 | +9.4% |
| Median household income | $74,500 | $81,406 | +9.3% |
| Median home value | $134,300 | $153,000 | +13.9% |
How Magnolia Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 61 | National average: 61
Education
Educational Attainment (Adults 25+)
Magnolia Rankings in Illinois
Explore Illinois Rankings
Other Cities in Putnam County
Cities Similar to Magnolia
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| McNabb | 233 | $84,000 | $133,300 | 14.8% | 4.7% |
| Henning | 236 | $79,500 | $86,000 | 1.4% | 7.2% |
| Alexander | 239 | N/A | $118,200 | 18.9% | 0.0% |
| Colp | 223 | N/A | $69,300 | 18.9% | 47.1% |
| Ridgefield | 221 | N/A | $254,200 | 76.3% | 0.0% |
A note before these figures: with a population of 232, Magnolia's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Magnolia is a small community located in Illinois, within Putnam County. The total population is 232. It ranks as the 1164th most populous out of 1,445 Census-designated places in Illinois.
Age Demographics
The median age in Magnolia is 52.5 years. This is 35% higher than the state median of 39.0 years. Only 6.9% of residents are under 18, indicating fewer families with children.
Economy, Income & Housing
The median household income in Magnolia is $81,406. This is 2% lower than the state median of $83,390. It is also about the same as the national median of $80,734. The poverty rate stands at 3.9%. This is 67% lower than the state poverty rate of 11.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 5.4%. This is 8% lower than the state rate of 5.8%. The median home value is $153,000. Housing costs are 42% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.9x, Magnolia is one of the most affordable housing markets in the area. 74.8% of occupied housing units are owner-occupied. This homeownership rate is 11% higher than the state average of 67.1%.
Race & Ethnicity
The largest racial or ethnic group in Magnolia is White (non-Hispanic), making up 78.5% of the population. Hispanic or Latino residents account for 12.9%.
Education
9.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 74% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.2%.
Data Sources & Methodology
All demographic data for Magnolia, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Magnolia, Illinois?
Magnolia, Illinois has a population of 232 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Magnolia, IL?
The median household income in Magnolia is $81,406, which is about the same as the national median of $80,734.
What is the poverty rate in Magnolia, IL?
The poverty rate in Magnolia is 3.9%. This means approximately 9 residents live below the federal poverty line.
What is the racial makeup of Magnolia, Illinois?
Magnolia's population is 78.5% White, 0.0% Black, 12.9% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Magnolia, IL?
The median home value in Magnolia is $153,000. The home-value-to-income ratio is 1.9x.
How educated is Magnolia, Illinois?
9.8% of adults (25+) in Magnolia hold a bachelor's degree or higher, and 1.1% hold a graduate or professional degree.