Magnolia, IL
Full City Profile · Illinois · Putnam County County
3.5
/5.0
B+
Good
212
Population
684/sq mi density
$74,500
Median Income
$37,449 per capita
$134,300
Home Value
$193,243 Zillow
$641
Median Rent
18.4% income on rent
51°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$74,500 median income, 5.0% unemployment
A+
Affordability
5.0 / 5.0
$134,300 home value, $641/mo rent
D
Education
2.0 / 5.0
12.0% bachelor's degree or higher
Income Overview
Median Household Income
$74,500
1% below
US avg: $75,149
Per Capita Income
$37,449
4% below
US avg: $39,052
Unemployment Rate
5.0%
39% above
US avg: 3.6%
Poverty Rate
18.2%
47% above
US avg: 12.4%
Income Comparison: Magnolia vs. U.S. Average
Each bar shows Magnolia’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$74,500
99%
Per Capita
US: $39,052
$37,449
96%
IRS Avg AGI
US: $72,000
$74,934
104%
Avg Weekly Wage
US: $1,432
$1,339
94%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,339
6% below US avg ($1,432)
Mean Commute Time
26 min
7% below US avg (28 min)
Work From Home
6.3%
59% below US avg (15.2%)
Drive Alone
72.5%
1% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$428M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
72.5%
Public Transit
0%
Work From Home
6.3%
Other
21.2%
Average commute time
26 minutes
US avg: 28 min
Business Landscape
Total Establishments
165
Restaurants
10
Healthcare
4
Retail
13
Manufacturing
9
Tax & Financial
IRS Avg Adjusted Gross Income
$74,934
4% above US avg ($72,000)
Avg Property Tax
$4,588
31% above US avg ($3,500)
Cost of Living Index
100.0
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $74,500 |
| Per Capita Income | $37,449 |
| IRS Avg Adjusted Gross Income | $74,934 |
| Avg Weekly Wage | $1,339 |
| County GDP | $428M |
Hardship Indicators
| Unemployment Rate | 5.0% |
| Poverty Rate | 18.2% |
| Gini Coefficient | 0.380 |
| Cost of Living Index | 100.0 |
Commute
| Mean Commute | 26 minutes |
| Drive Alone | 72.5% |
| Public Transit | 0.0% |
| Work From Home | 6.3% |
Businesses
| Total Establishments | 165 |
| Restaurants | 10 |
| Healthcare | 4 |
| Retail | 13 |
| Manufacturing | 9 |
Tax
| IRS Avg AGI | $74,934 |
| Avg Property Tax | $4,588 |