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. Magnolia has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. 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.

In Magnolia, however, the average commute to work is quite long. On average, people spend 33.58 minutes each day getting to work, which is significantly higher than the national average.

As is often the case in a small city, Magnolia doesn't have a public transportation system that people use for their commute.

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.