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