Magnolia, IA
Population 148 · Iowa
About Magnolia, IA
Magnolia is a small community located in Iowa with a population of 148 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,500 per year, which is 4% below the national median of $75,149. The median age of 53.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Magnolia features a median home value of $110,000, which is 55% below the national median of $244,900. This makes Magnolia one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 72 total housing units, 91% are owner-occupied (62 units) and 9% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Magnolia shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Magnolia have an average one-way commute time of 23.5 minutes.
Education & Demographics
11.8% of Magnolia residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 1.4% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Magnolia, IA
Compared to national averages, Magnolia has a median household income of $72,500 (4% below the national median of $75,149). Home values average $110,000, which is 55% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Magnolia's income is 7% above the state average of $67,947, and home values are 17% below the state median of $132,237.
Why Live in Magnolia, IA?
Magnolia offers affordable housing with a median home value of $110,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a low poverty rate of 1.4%, better than the national average, and short commute times averaging just 23.5 minutes.
Potential considerations include median household income ($72,500) 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 148 with a median age of 53.6 years. Compare Magnolia with other cities to see how it stacks up, or explore all cities in Iowa.
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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, IA?
The population of Magnolia, IA is 148 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Magnolia?
The median household income in Magnolia, IA is $72,500 per year, which is 4% below the national median of $75,149.
What is the median home value in Magnolia?
The median home value in Magnolia, IA is $110,000, which is 55% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Magnolia?
The median monthly rent in Magnolia, IA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Magnolia?
The unemployment rate in Magnolia, IA is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Magnolia, IA a good place to live?
Magnolia offers a moderate cost of living, affordable housing, and a strong job market. With a population of 148 and a median age of 53.6, the city appeals to established professionals and retirees.
How educated is Magnolia, IA?
11.8% of residents in Magnolia aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Magnolia?
Key cost-of-living indicators for Magnolia, IA: median home value is $110,000 (55% below national), median rent is $0/month, and median household income is $72,500. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Magnolia?
The poverty rate in Magnolia, IA is 1.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Magnolia, IA?
Magnolia's population is 0.0% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 1.4% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.