Magnolia, IL
Population 212 · Illinois
About Magnolia, IL
Magnolia is a small community in Illinois with a population of 212 residents. The median household income is $74,500 per year, which is above the national average. The median age in Magnolia is 47.9 years.
Housing in Magnolia has a median home value of $134,300 and median monthly rent of $641. Of the 109 total housing units, the majority are owner-occupied, with 62 owner-occupied and 40 renter-occupied units.
The unemployment rate in Magnolia is 5.0% and the poverty rate is 14.6%. 12.0% of residents hold a bachelor's degree or higher. The average commute time is 25.8 minutes.
Cost of Living in Magnolia, IL
Compared to national averages, Magnolia has a median household income of $74,500 (1% below the national median of $75,149). Home values average $134,300, which is 45% below the national median. Monthly rent at $641 is 45% below the US average of $1,163. Within Illinois, Magnolia's income is 1% below the state average of $75,072, and home values are 19% below the state median of $165,779.
Why Live in Magnolia, IL?
Magnolia offers affordable housing with a median home value of $134,300, below the US average of $244,900, and rent that’s lower than the national average at $641/month.
Potential considerations include median household income ($74,500) that falls below the national average. However, Magnolia’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Magnolia has a population of 212 with a median age of 47.9 years. Compare Magnolia with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Magnolia
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ivesdale | 212 | $61,250 | $116,200 | Compare |
| Plainville | 212 | $71,250 | $96,900 | Compare |
| Broughton | 213 | $52,500 | $38,800 | Compare |
| Bulpitt | 213 | $72,500 | $80,600 | Compare |
| Campbell's Island | 211 | $68,244 | $151,500 | Compare |
| Kappa | 211 | $77,000 | $160,000 | Compare |
| Lawrence | 213 | $94,205 | $218,800 | Compare |
| Cisco | 210 | $48,750 | $109,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Magnolia
What is the population of Magnolia, IL?
The population of Magnolia, IL is 212 according to the latest Census data.
What is the median household income in Magnolia?
The median household income in Magnolia, IL is $74,500 per year.
What is the median home value in Magnolia?
The median home value in Magnolia, IL is $134,300.
What is the average rent in Magnolia?
The median monthly rent in Magnolia, IL is $641.
What is the unemployment rate in Magnolia?
The unemployment rate in Magnolia, IL is 5.0%.