Magnolia Springs, Alabama Median Income

Magnolia Springs, Alabama has a population of 912, with a median household income of $72,000.

Current median income data for Magnolia Springs.

$72,000

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Population

912

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Median Income

$72,000

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Unemployment

3.30%

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Housing Price

$350,000

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Crime Rate

2.20

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Internet Speed

240.00 Mbps

Magnolia Springs is a small local community located in Alabama. The city has a population that is below the average city population in Alabama, 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 Alabama, Magnolia Springs provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Magnolia Springs has a population of 912, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Magnolia Springs is $72,000, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in Magnolia Springs average around $350,000, which is relatively high compared to other cities in Alabama.

Employment and Safety

The unemployment rate in Magnolia Springs is 3.30%, which is lower than the state average, indicating a relatively strong job market. Magnolia Springs has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

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

As part of Alabama, Magnolia Springs contributes to the broader economic and social landscape, offering insights into regional development.

Frequently Asked Questions about Magnolia Springs

What is the population of Magnolia Springs?

The population of Magnolia Springs is approximately 912.

Is Magnolia Springs a good place to live?

Magnolia Springs 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 Springs?

The median household income in Magnolia Springs is around $72,000.

How expensive is housing in Magnolia Springs?

The average housing price in Magnolia Springs is approximately $350,000.