The median household income in Magnolia, KY in 2022 was $45,266, which was 31.1% less than the median annual income of $59,341 across the entire state of Kentucky. Compared to the median income of $32,056 in 2000 this represents an increase of 29.2%. The per capita income in 2022 was $21,473, which means an increase of 26.1% compared to 2000 when it was $15,865.
Whole page based on the data from 2000 / 2022 when the population of Magnolia, Kentucky was 524 / 697
Income statistics for all residents
Median household income in Magnolia, KY in 2022:
Magnolia:
$45,267
Kentucky:
$59,341
Change in median household income between 2000 and 2022:
Magnolia, Kentucky:
+41.2%
State:
+76.2%
Number of households with income < $10k:
Magnolia:
8.3% (24)
State:
6.8% (123,697)
Number of households with income $10k - 20k:
Magnolia:
11.1% (32)
Kentucky:
10.0% (182,645)
Number of households with income $20k - 30k:
Magnolia:
18.0% (52)
Kentucky:
9.0% (164,092)
Number of households with income $30k - 40k:
Magnolia:
8.0% (23)
State:
9.1% (165,607)
Number of households with income $40k - 50k:
Magnolia:
7.6% (22)
State:
8.0% (146,315)
Number of households with income $50k - 60k:
Magnolia:
3.8% (11)
Kentucky:
7.7% (140,671)
Number of households with income $60k - 75k:
Magnolia:
23.9% (69)
Kentucky:
9.8% (180,002)
Number of households with income $75k - 100k:
Magnolia:
15.2% (44)
Kentucky:
12.6% (230,239)
Number of households with income $100k - 125k:
Magnolia:
0.0% (0)
Kentucky:
9.0% (164,398)
Number of households with income $125k - 150k:
Magnolia:
4.2% (12)
Kentucky:
5.9% (108,602)
Number of households with income $150k - 200k:
Magnolia:
0.0% (0)
State:
6.2% (112,813)
Number of households with income > $200k:
Magnolia:
0.0% (0)
State:
6.0% (109,599)
Aggregate household income in Magnolia in 2022: $14,507,652
Median family income in Magnolia in 2022:
Magnolia:
$68,334
State:
$76,119
Number of families with income < $10k:
Magnolia:
5.9% (14)
Kentucky:
4.3% (50,255)
Number of families with income $10k - 20k:
Magnolia:
5.1% (12)
State:
5.4% (62,899)
Number of families with income $20k - 30k:
Magnolia:
21.5% (50)
State:
6.5% (76,765)
Number of families with income $40k - 50k:
Magnolia:
9.4% (22)
Kentucky:
7.1% (83,575)
Number of families with income $50k - 60k:
Magnolia:
4.7% (11)
Kentucky:
7.4% (86,258)
Number of families with income $60k - 75k:
Magnolia:
29.1% (68)
State:
10.3% (121,229)
Number of families with income $75k - 100k:
Magnolia:
18.9% (44)
Kentucky:
14.7% (172,722)
Number of families with income $125k - 150k:
Magnolia:
5.3% (12)
Kentucky:
7.9% (93,107)
Median per capita income in Magnolia in 2022:
Magnolia:
$21,474
State:
$33,980
Change in median per capita income between 2000 and 2022:
Magnolia, Kentucky:
+35.4%
State:
+87.8%
Income statistics for White residents
Median household income in Magnolia, KY in 2022:
Magnolia:
$67,024
State:
$60,987
Change in median household income between 2000 and 2022:
Magnolia, Kentucky:
+106.8%
State:
+76.2%
Number of households with income < $10k:
Magnolia:
10.3% (24)
Kentucky:
6.2% (96,690)
Number of households with income $10k - 20k:
Magnolia:
13.7% (32)
State:
9.7% (151,125)
Number of households with income $20k - 30k:
Magnolia:
0.0% (0)
Kentucky:
8.9% (139,532)
Number of households with income $30k - 40k:
Magnolia:
9.8% (23)
State:
9.1% (142,284)
Number of households with income $40k - 50k:
Magnolia:
9.4% (22)
State:
7.7% (121,151)
Number of households with income $50k - 60k:
Magnolia:
4.7% (11)
State:
7.7% (119,790)
Number of households with income $60k - 75k:
Magnolia:
28.6% (67)
State:
9.9% (154,174)
Number of households with income $75k - 100k:
Magnolia:
18.4% (43)
State:
12.8% (199,740)
Number of households with income $100k - 125k:
Magnolia:
0.0% (0)
Kentucky:
9.4% (146,284)
Number of households with income $125k - 150k:
Magnolia:
5.1% (12)
Kentucky:
6.0% (94,180)
Number of households with income $150k - 200k:
Magnolia:
0.0% (0)
State:
6.4% (100,702)
Number of households with income > $200k:
Magnolia:
0.0% (0)
Kentucky:
6.3% (98,502)
Aggregate household income in Magnolia in 2022: $13,119,191
Median family income in Magnolia in 2022:
Magnolia:
$70,498
Kentucky:
$78,353
Number of families with income < $10k:
Magnolia:
7.3% (13)
Kentucky:
3.7% (37,075)
Number of families with income $10k - 20k:
Magnolia:
6.5% (12)
State:
4.9% (49,864)
Number of families with income $40k - 50k:
Magnolia:
11.8% (21)
Kentucky:
6.9% (69,099)
Number of families with income $50k - 60k:
Magnolia:
6.0% (11)
State:
7.2% (72,955)
Number of families with income $60k - 75k:
Magnolia:
37.2% (66)
State:
10.4% (104,587)
Number of families with income $75k - 100k:
Magnolia:
24.4% (43)
Kentucky:
15.0% (151,545)
Number of families with income $125k - 150k:
Magnolia:
6.8% (12)
Kentucky:
8.1% (81,620)
Median per capita income in Magnolia in 2022:
Magnolia:
$26,074
State:
$35,352
Change in median per capita income between 2000 and 2022:
Magnolia, Kentucky:
+60.3%
Kentucky:
+90.2%
Income statistics for Black or African American residents
Number of households with income < $10k:
Magnolia:
0.0% (0)
State:
12.3% (17,072)
Number of households with income $10k - 20k:
Magnolia:
0.0% (0)
State:
13.6% (18,796)
Number of households with income $20k - 30k:
Magnolia:
100.0% (49)
State:
10.9% (15,069)
Number of households with income $30k - 40k:
Magnolia:
0.0% (0)
State:
9.0% (12,510)
Number of households with income $40k - 50k:
Magnolia:
0.0% (0)
State:
10.2% (14,121)
Number of households with income $50k - 60k:
Magnolia:
0.0% (0)
State:
8.1% (11,147)
Number of households with income $60k - 75k:
Magnolia:
0.0% (0)
Kentucky:
8.9% (12,361)
Number of households with income $75k - 100k:
Magnolia:
0.0% (0)
State:
10.1% (14,009)
Number of households with income $100k - 125k:
Magnolia:
0.0% (0)
Kentucky:
6.1% (8,400)
Number of households with income $125k - 150k:
Magnolia:
0.0% (0)
Kentucky:
4.3% (5,950)
Number of households with income $150k - 200k:
Magnolia:
0.0% (0)
Kentucky:
4.0% (5,560)
Number of households with income > $200k:
Magnolia:
0.0% (0)
Kentucky:
2.5% (3,413)
Aggregate household income in Magnolia in 2022: $13,601,712
Median per capita income in Magnolia in 2022:
Magnolia:
$19,796
Kentucky:
$27,117
Change in median per capita income between 2000 and 2022:
Magnolia, Kentucky:
+102.4%
Kentucky:
+104.9%
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