The median household income in Magnolia, TX in 2022 was $59,313, which was 21.9% less than the median annual income of $72,284 across the entire state of Texas. Compared to the median income of $41,875 in 2000 this represents an increase of 29.4%. The per capita income in 2022 was $43,188, which means an increase of 50.7% compared to 2000 when it was $21,278.
Whole page based on the data from 2000 / 2022 when the population of Magnolia, Texas was 1,111 / 2,822
Income statistics for all residents
Median household income in Magnolia, TX in 2022:
Magnolia:
$59,314
State:
$72,284
Change in median household income between 2000 and 2022:
Magnolia, Texas:
+41.6%
State:
+81.0%
Number of households with income < $10k:
Magnolia:
1.6% (18)
State:
5.5% (611,011)
Number of households with income $10k - 20k:
Magnolia:
6.9% (77)
State:
6.7% (743,157)
Number of households with income $20k - 30k:
Magnolia:
9.8% (109)
Texas:
7.2% (803,381)
Number of households with income $30k - 40k:
Magnolia:
13.3% (148)
Texas:
7.8% (866,080)
Number of households with income $40k - 50k:
Magnolia:
8.8% (98)
State:
7.3% (810,440)
Number of households with income $50k - 60k:
Magnolia:
9.2% (102)
Texas:
7.2% (799,783)
Number of households with income $60k - 75k:
Magnolia:
7.2% (80)
State:
9.9% (1,095,384)
Number of households with income $75k - 100k:
Magnolia:
10.4% (116)
State:
12.8% (1,419,057)
Number of households with income $100k - 125k:
Magnolia:
10.2% (113)
State:
9.5% (1,054,577)
Number of households with income $125k - 150k:
Magnolia:
4.0% (45)
State:
6.7% (741,518)
Number of households with income $150k - 200k:
Magnolia:
6.6% (74)
Texas:
8.7% (961,776)
Number of households with income > $200k:
Magnolia:
11.9% (133)
State:
10.7% (1,181,544)
Aggregate household income in Magnolia in 2022: $115,067,966
Median family income in Magnolia in 2022:
Magnolia:
$92,597
State:
$86,267
Number of families with income $10k - 20k:
Magnolia:
4.7% (32)
State:
4.3% (324,514)
Number of families with income $20k - 30k:
Magnolia:
5.1% (34)
State:
5.8% (430,949)
Number of families with income $30k - 40k:
Magnolia:
5.1% (34)
Texas:
6.6% (493,535)
Number of families with income $40k - 50k:
Magnolia:
10.1% (68)
State:
6.7% (499,663)
Number of families with income $50k - 60k:
Magnolia:
8.8% (60)
State:
6.6% (492,203)
Number of families with income $60k - 75k:
Magnolia:
5.9% (40)
Texas:
9.5% (710,229)
Number of families with income $75k - 100k:
Magnolia:
15.1% (102)
State:
13.6% (1,015,480)
Number of families with income $100k - 125k:
Magnolia:
15.7% (106)
Texas:
10.7% (797,961)
Number of families with income $125k - 150k:
Magnolia:
6.6% (44)
State:
8.1% (602,985)
Number of families with income $150k - 200k:
Magnolia:
11.1% (75)
State:
10.7% (804,459)
Number of families with income > $200k:
Magnolia:
11.7% (79)
Texas:
13.5% (1,013,514)
Median non-family income in Magnolia in 2022:
Magnolia:
$32,433
Texas:
$45,999
Change in median non-family income between 2000 and 2022:
Magnolia, Texas:
+116.2%
Texas:
+79.5%
Median per capita income in Magnolia in 2022:
Magnolia:
$43,189
State:
$38,123
Change in median per capita income between 2000 and 2022:
Magnolia, Texas:
+103.0%
State:
+94.3%
Income statistics for White residents
Median household income in Magnolia, TX in 2022:
Magnolia:
$67,966
Texas:
$82,032
Change in median household income between 2000 and 2022:
Magnolia, Texas:
+42.4%
Texas:
+91.0%
Number of households with income < $10k:
Magnolia:
1.9% (16)
Texas:
4.7% (273,716)
Number of households with income $10k - 20k:
Magnolia:
8.1% (69)
State:
5.5% (322,702)
Number of households with income $20k - 30k:
Magnolia:
9.3% (80)
Texas:
6.2% (363,947)
Number of households with income $30k - 40k:
Magnolia:
13.9% (119)
Texas:
6.8% (399,275)
Number of households with income $40k - 50k:
Magnolia:
8.5% (73)
State:
6.5% (383,417)
Number of households with income $50k - 60k:
Magnolia:
5.0% (43)
State:
6.6% (388,535)
Number of households with income $60k - 75k:
Magnolia:
5.8% (50)
State:
9.7% (566,295)
Number of households with income $75k - 100k:
Magnolia:
8.3% (71)
Texas:
13.0% (760,276)
Number of households with income $100k - 125k:
Magnolia:
11.7% (100)
State:
10.2% (597,596)
Number of households with income $125k - 150k:
Magnolia:
4.6% (39)
State:
7.4% (436,830)
Number of households with income $150k - 200k:
Magnolia:
7.4% (63)
State:
9.9% (583,067)
Number of households with income > $200k:
Magnolia:
15.6% (134)
State:
13.5% (792,647)
Aggregate household income in Magnolia in 2022: $99,073,489
Median family income in Magnolia in 2022:
Magnolia:
$109,189
State:
$101,788
Number of families with income $10k - 20k:
Magnolia:
6.1% (29)
State:
2.9% (113,421)
Number of families with income $20k - 30k:
Magnolia:
3.6% (17)
State:
4.1% (157,688)
Number of families with income $30k - 40k:
Magnolia:
4.5% (21)
State:
5.2% (198,847)
Number of families with income $40k - 50k:
Magnolia:
10.5% (50)
Texas:
5.6% (216,490)
Number of families with income $50k - 60k:
Magnolia:
1.9% (9)
Texas:
5.7% (220,689)
Number of families with income $60k - 75k:
Magnolia:
2.6% (12)
Texas:
9.0% (346,106)
Number of families with income $75k - 100k:
Magnolia:
13.7% (65)
Texas:
13.7% (527,363)
Number of families with income $100k - 125k:
Magnolia:
18.5% (88)
State:
11.6% (448,411)
Number of families with income $125k - 150k:
Magnolia:
8.4% (40)
State:
9.2% (355,798)
Number of families with income $150k - 200k:
Magnolia:
13.7% (65)
State:
12.5% (480,185)
Number of families with income > $200k:
Magnolia:
16.6% (78)
State:
17.6% (677,490)
Median non-family income in Magnolia in 2022:
Magnolia:
$33,272
Texas:
$50,587
Change in median non-family income between 2000 and 2022:
Magnolia, Texas:
+112.0%
State:
+87.7%
Median per capita income in Magnolia in 2022:
Magnolia:
$48,515
Texas:
$47,740
Change in median per capita income between 2000 and 2022:
Magnolia, Texas:
+107.2%
Texas:
+114.3%
Income statistics for Black or African American residents
Median household income in Magnolia, TX in 2022:
Magnolia:
$54,503
State:
$55,759
Number of households with income < $10k:
Magnolia:
0.0% (0)
Texas:
8.9% (126,378)
Number of households with income $10k - 20k:
Magnolia:
0.0% (0)
State:
9.9% (140,369)
Number of households with income $20k - 30k:
Magnolia:
3.9% (3)
State:
8.5% (120,639)
Number of households with income $30k - 40k:
Magnolia:
0.0% (0)
Texas:
9.7% (137,517)
Number of households with income $40k - 50k:
Magnolia:
11.7% (9)
State:
8.0% (112,973)
Number of households with income $50k - 60k:
Magnolia:
55.8% (43)
State:
8.3% (117,156)
Number of households with income $60k - 75k:
Magnolia:
24.7% (19)
Texas:
10.4% (147,462)
Number of households with income $75k - 100k:
Magnolia:
0.0% (0)
State:
11.5% (162,718)
Number of households with income $100k - 125k:
Magnolia:
3.9% (3)
Texas:
8.2% (115,829)
Number of households with income $125k - 150k:
Magnolia:
0.0% (0)
State:
4.9% (69,556)
Number of households with income $150k - 200k:
Magnolia:
0.0% (0)
State:
6.4% (90,701)
Number of households with income > $200k:
Magnolia:
0.0% (0)
State:
5.5% (77,988)
Aggregate household income in Magnolia in 2022: $4,438,985
Median family income in Magnolia in 2022:
Magnolia:
$67,327
State:
$69,134
Number of families with income $40k - 50k:
Magnolia:
16.4% (11)
State:
7.1% (57,907)
Number of families with income $50k - 60k:
Magnolia:
43.6% (29)
State:
7.3% (59,511)
Number of families with income $60k - 75k:
Magnolia:
35.6% (24)
State:
10.1% (81,994)
Number of families with income $100k - 125k:
Magnolia:
4.4% (3)
Texas:
9.4% (76,609)
Median per capita income in Magnolia in 2022:
Magnolia:
$42,316
Texas:
$30,490
Income statistics for Asian residents
Median per capita income in Magnolia in 2022:
Magnolia:
$42,392
Texas:
$48,626
Income statistics for Hispanic or Latino residents
Median household income in Magnolia, TX in 2022:
Magnolia:
$97,453
Texas:
$60,504
Number of households with income < $10k:
Magnolia:
0.0% (0)
Texas:
5.8% (213,953)
Number of households with income $10k - 20k:
Magnolia:
0.0% (0)
State:
8.0% (297,456)
Number of households with income $20k - 30k:
Magnolia:
9.2% (16)
Texas:
9.2% (340,166)
Number of households with income $30k - 40k:
Magnolia:
0.0% (0)
Texas:
9.5% (354,336)
Number of households with income $40k - 50k:
Magnolia:
22.5% (39)
State:
8.8% (327,013)
Number of households with income $50k - 60k:
Magnolia:
9.2% (16)
Texas:
8.3% (308,818)
Number of households with income $60k - 75k:
Magnolia:
8.7% (15)
State:
10.9% (405,109)
Number of households with income $75k - 100k:
Magnolia:
19.1% (33)
State:
13.8% (511,639)
Number of households with income $100k - 125k:
Magnolia:
8.1% (14)
State:
8.6% (319,728)
Number of households with income $125k - 150k:
Magnolia:
17.9% (31)
State:
5.7% (210,932)
Number of households with income $150k - 200k:
Magnolia:
5.2% (9)
State:
6.4% (236,055)
Number of households with income > $200k:
Magnolia:
0.0% (0)
Texas:
5.1% (189,259)
Aggregate household income in Magnolia in 2022: $13,463,810
Median family income in Magnolia in 2022:
Magnolia:
$98,583
Texas:
$65,080
Number of families with income $20k - 30k:
Magnolia:
6.8% (11)
Texas:
8.6% (238,528)
Number of families with income $40k - 50k:
Magnolia:
21.9% (34)
Texas:
8.6% (240,188)
Number of families with income $50k - 60k:
Magnolia:
10.4% (16)
State:
8.0% (223,566)
Number of families with income $60k - 75k:
Magnolia:
6.9% (11)
Texas:
10.9% (302,688)
Number of families with income $75k - 100k:
Magnolia:
22.0% (35)
State:
14.3% (398,554)
Number of families with income $100k - 125k:
Magnolia:
9.6% (15)
State:
9.5% (264,007)
Number of families with income $125k - 150k:
Magnolia:
17.2% (27)
State:
6.2% (171,274)
Number of families with income $150k - 200k:
Magnolia:
5.3% (8)
State:
7.3% (202,259)
Median per capita income in Magnolia in 2022:
Magnolia:
$23,838
State:
$24,862
Income statistics for Multirace residents
Median household income in Magnolia, TX in 2022:
Magnolia:
$69,518
State:
$62,748
Change in median household income between 2000 and 2022:
Magnolia, Texas:
+68.5%
State:
+92.3%
Number of households with income < $10k:
Magnolia:
0.0% (0)
Texas:
5.5% (122,324)
Number of households with income $10k - 20k:
Magnolia:
0.0% (0)
State:
8.2% (182,232)
Number of households with income $20k - 30k:
Magnolia:
21.0% (30)
Texas:
8.5% (189,456)
Number of households with income $30k - 40k:
Magnolia:
6.3% (9)
State:
8.9% (197,499)
Number of households with income $40k - 50k:
Magnolia:
0.0% (0)
Texas:
8.7% (191,735)
Number of households with income $50k - 60k:
Magnolia:
22.4% (32)
State:
8.0% (177,535)
Number of households with income $60k - 75k:
Magnolia:
0.0% (0)
State:
10.5% (232,479)
Number of households with income $75k - 100k:
Magnolia:
46.2% (66)
Texas:
13.1% (290,448)
Number of households with income $100k - 125k:
Magnolia:
2.1% (3)
Texas:
8.6% (191,595)
Number of households with income $125k - 150k:
Magnolia:
0.0% (0)
State:
6.0% (133,361)
Number of households with income $150k - 200k:
Magnolia:
2.1% (3)
State:
7.2% (159,195)
Number of households with income > $200k:
Magnolia:
0.0% (0)
Texas:
6.7% (148,064)
Aggregate household income in Magnolia in 2022: $8,477,459
Median per capita income in Magnolia in 2022:
Magnolia:
$22,694
State:
$26,785
Change in median per capita income between 2000 and 2022:
Magnolia, Texas:
+135.6%
State:
+110.9%
Income statistics for other residents
Aggregate household income in Magnolia in 2022: $1,695,034
Median per capita income in Magnolia in 2022:
Magnolia:
$20,508
State:
$23,899
Change in median per capita income between 2000 and 2022:
Magnolia, Texas:
+106.2%
Texas:
+135.2%
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