Demographics
Population/Income -
- 2020 population: 2,359 (2020 US Census)
- 2022 population: 2,802 (American Community Survey 2022)
- 2030 population projection: 5,789 (TWDB: MWUG Population Projections for 2020-2070)
- Median age: 34.8 (American Community Survey 2022)
- Median household income: $59,890 (2020 US Census)
City Size &Taxes -
- City size in square miles: approx. 5.5 square miles
- Property tax rate (2022): $0.4051 per $100 valuation
- Estimated sales tax collected for fiscal year 2018-2019: $2.4 mil
Housing -
- Median Home Value: $294,757* (Zillow June 2022 Data)
- Types of Structures: 67% Single-Family Homes
- Average Days on Market: 13 (Redfin 2022 Survey Data)
Education (2020 US Census)
- High School Graduate 32%
- Some College 22.5%
- Associates Degree 9%
- Bachelor's Degree 19%
- Graduate/Professional Degree 7%
Labor Force (2020 Census)
- Employment 62.3%
- White Collar Workers: 72.4%
- Blue Collar Workers: 27.7%
- Job Growth Rate: 2.40%
- Number of Universities within an hour’s drive: 9
- Number of colleges/universities within an hour’s drive: 15
Key Regional Industries –
- Construction
- Engineering Services
- Business Consulting Services
- Medical and Specialized Hospitals
- Production, Transportation, Material Moving
- Pipe & Other Metal Manufacturing
- Educational Services
2022 Local Tax Rates /$100 valuation
Montgomery County | $0.4083 |
Magnolia ISD | $1.1872 |
City of Magnolia | $0.4051 |
Mont. Co. Hospital Dist. | $0.0567 |
Lone Star College Dist. | $0.1078 |
Mont. Co. ESD 10 | $0.0987 |