Magnolia, IL Profile: Facts & Data

Magnolia, Illinois - Basic Facts

The Village of Magnolia had a population of 218 as of July 1, 2024.

The primary coordinate point for Magnolia is located at latitude 41.1136 and longitude -89.1945 in Putnam County. The formal boundaries for the Village of Magnolia encompass a land area of 0.33 sq. miles and a water area of 0 sq. miles. Putnam County is in the Central time zone (GMT -6).

The Village of Magnolia has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Magnolia is located within Township of Magnolia, a minor civil division (MCD) of Putnam County.

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

POPULATION
Total Population	218 (100%)
Population in Households	218 (100.0%)
Population in Families	167 (76.6%)
Population in Group Quarters¹	0
Population Density	697
Diversity Index²	23


INCOME
Median Household Income	$77,602
Average Household Income	$82,289
% of Income for Mortgage⁴	12%
Per Capita Income	$35,860
Wealth Index⁵	57
Socioeconomic Status Index⁶	Moderate (58.4)

HOUSING
Total HU (Housing Units)	110 (100%)
Owner Occupied HU	79 (71.8%)
Renter Occupied HU	16 (14.5%)
Vacant Housing Units	15 (13.6%)
Median Home Value	$147,321
Average Home Value	$163,924
Housing Affordability Index³	186

HOUSEHOLDS
Total Households	95
Average Household Size	2.29
Family Households	59
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

110 (100%)

Owner Occupied HU

79 (71.8%)

Renter Occupied HU

16 (14.5%)

Vacant Housing Units

15 (13.6%)

Median Home Value

$147,321

Average Home Value

$163,924

Housing Affordability Index³

186

HOUSEHOLDS

Total Households

Average Household Size

2.29

Family Households

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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-3.71%	-0.93%
Households	0.50%	0.00%
Families		1.64%
Median Household Income		1.22%
Per Capita Income		3.38%
Owner Occupied HU		0.25%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-3.71%

-0.93%

Households

0.50%

0.00%

Families

1.64%

Median Household Income

1.22%

Per Capita Income

3.38%

Owner Occupied HU

0.25%

Magnolia, IL - Peer Comparisons by Rank and Percentile

The table below compares Magnolia to the other 1,462 incorporated cities, towns and CDPs in Illinois 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.

Variable Description	Rank	Percentile
Total Population	# 1152	21st
Population Density	# 913	38th
Median Household Income	# 620	58th
Housing Affordability Index	# 1171	80th
Per Capita Income	# 883	40th
Diversity Index	# 659	55th

Variable Description

Rank

Percentile

Total Population

# 1152

21st

Population Density

# 913

38th

Median Household Income

# 620

58th

Housing Affordability Index

# 1171

80th

Per Capita Income

# 883

40th

Diversity Index

# 659

55th

Illinois Census Data Comparison Tool

Magnolia, IL Profile: Facts & Data

Magnolia, Illinois - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Magnolia, IL - Peer Comparisons by Rank and Percentile

Magnolia, IL - Most Popular Things to Do

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Putnam County