Magnolia, KY
Population 637 · Kentucky
About Magnolia, KY
Magnolia is a small community located in Kentucky with a population of 637 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,083 per year, which is 40% below the national median of $75,149. The median age of 44.7 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 $95,700, which is 61% 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 $1,167, 0% above the national average of $1,163/month. Of the 273 total housing units, 73% are owner-occupied (200 units) and 27% are renter-occupied (73 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Magnolia shows an unemployment rate of 4.5%, which is near the national rate of 3.7%. The poverty rate stands at 31.9%, above the national average of 12.4%. Workers in Magnolia have an average one-way commute time of 30.7 minutes.
Education & Demographics
10.4% 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, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Magnolia, KY
Compared to national averages, Magnolia has a median household income of $45,083 (40% below the national median of $75,149). Home values average $95,700, which is 61% below the national median. Monthly rent at $1,167 is 0% above the US average of $1,163. Within Kentucky, Magnolia's income is 32% below the state average of $66,273, and home values are 48% below the state median of $182,504.
Why Live in Magnolia, KY?
Magnolia offers affordable housing with a median home value of $95,700, below the US average of $244,900.
Potential considerations include median household income ($45,083) 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 637 with a median age of 44.7 years. Compare Magnolia with other cities to see how it stacks up, or explore all cities in Kentucky.
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Cities in Kentucky with a similar population size.
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Economy & Education
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Other Cities in Kentucky
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, KY?
The population of Magnolia, KY is 637 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Magnolia?
The median household income in Magnolia, KY is $45,083 per year, which is 40% below the national median of $75,149.
What is the median home value in Magnolia?
The median home value in Magnolia, KY is $95,700, which is 61% 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, KY is $1,167, which is 0% above the national average of $1,163/month.
What is the unemployment rate in Magnolia?
The unemployment rate in Magnolia, KY is 4.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Magnolia, KY a good place to live?
Magnolia offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 637 and a median age of 44.7, the city appeals to a broad range of residents.
How educated is Magnolia, KY?
10.4% 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, KY: median home value is $95,700 (61% below national), median rent is $1,167/month, and median household income is $45,083. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Magnolia?
The poverty rate in Magnolia, KY is 31.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Magnolia, KY?
Magnolia's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 24.3% two or more races. 0.0% of residents are foreign-born.