Magnolia borough, New Jersey Median Income

Magnolia borough, New Jersey has a population of 4,418, with a median household income of $90,114.

Current median income data for Magnolia borough.

$90,114

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Population

4,418

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Median Income

$90,114

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Unemployment

3.00%

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Housing Price

$344,228

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Crime Rate

0.40

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Internet Speed

252.70 Mbps

Magnolia borough is a small local community located in New Jersey. The city has a population that is below the average city population in New Jersey, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in New Jersey, Magnolia borough provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Magnolia borough has a population of 4,418, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Magnolia borough is $90,114, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Magnolia borough is about $344,228, making it relatively affordable compared to many cities in New Jersey.

Employment and Safety

The unemployment rate in Magnolia borough is 3.00%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Magnolia borough are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in New Jersey, Magnolia borough shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Magnolia borough offers a balanced mix of economic conditions, population trends, and housing opportunities within New Jersey.

Frequently Asked Questions about Magnolia borough

What is the population of Magnolia borough?

The population of Magnolia borough is approximately 4,418.

Is Magnolia borough a good place to live?

Magnolia borough offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Magnolia borough?

The median household income in Magnolia borough is around $90,114.

How expensive is housing in Magnolia borough?

The average housing price in Magnolia borough is approximately $344,228.