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. There's nothing like the smell of a brand new house, and in Magnolia, you'll find that a large proportion of houses were recently built. New growth in residential real estate is an indication that people are choosing to move to Magnolia, and putting down their money on brand new construction. Magnolia’s real estate is, on average, some of the newest in the nation. Magnolia does seem to be experiencing an influx of affluent people, because 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.

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

In terms of college education, Magnolia is somewhat better educated than the 21.84% who have a 4-year degree or higher in the typical US community: 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.