Magnolia is a very small city located in the state of Texas. With a population of 3,349 people and 13 associated neighborhoods, Magnolia is the 598th largest community in Texas. Much of the housing stock in Magnolia was built relatively recently. The construction of new real estate can often be taken as an indication that the local Magnolia economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Magnolia, where the median household income is $59,922.00.

Magnolia real estate is some of the most expensive in Texas, although Magnolia house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 14.90% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In Magnolia, however, the average commute to work is quite long. On average, people spend 36.84 minutes each day getting to work, which is significantly higher than the national average.

Being a small city, Magnolia does not have a public transit system used by locals to get to and from work.

The percentage of people in Magnolia who are college-educated is somewhat higher than the average US community of 21.84%: 27.31% of adults in Magnolia have at least a bachelor's degree.

The per capita income in Magnolia in 2018 was $43,176, which is wealthy relative to Texas, and upper middle income relative to the rest of the US. This equates to an annual income of $172,704 for a family of four. However, Magnolia contains both very wealthy and poor people as well.

Magnolia is an extremely ethnically-diverse city. The people who call Magnolia home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Magnolia residents report their race to be White, followed by Black or African-American. Magnolia also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 18.47% of the city’s residents. Important ancestries of people in Magnolia include German, Irish, English, Czech, and Ethiopian.

The most common language spoken in Magnolia is English. Other important languages spoken here include Spanish and Russian.