Magnolia is a city in Mississippi state in USA with a population of 2260 residents.. The poverty rate of Magnolia is 21.7%, which is 55% higher than national average. The typical household in Magnolia earns $26140 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 5 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 72.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Magnolia, only 77% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Magnolia remained 9.1%, which is 94% higher than national rate. Nearly 2 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Magnolia, only 17% of adults have a bachelor's degree and 23% have some college but no degree.

Cost of living in Magnolia is 0, which is 100% lower than national average. Median home value in Magnolia is $80800 , which is 65% lower than national average. While median income in Magnolia remained $26140, which is 61% lower than national average.