Magnolia is a somewhat small city located in the state of Texas. With a population of 5,320 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 $70,516.00.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.39% 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.

One downside of living in Magnolia is that it can take a long time to commute to work. In Magnolia, the average commute to work is 33.58 minutes, which is quite a bit higher than the national average.

Magnolia is a small city, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

The overall education level of Magnolia is somewhat higher than in the average US city of 21.84%: 27.44% of adults 25 and older in the city have at least a bachelor's degree.

The per capita income in Magnolia in 2022 was $46,507, which is wealthy relative to Texas, and upper middle income relative to the rest of the US. This equates to an annual income of $186,028 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 21.08% of the city’s residents. Important ancestries of people in Magnolia include German, Irish, English, Italian, and Ethiopian.

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