Magnolia is located in Montgomery county Texas with a geographic area of 2.9 square miles. The total population in Magnolia is 2,802 with 45.4% male and 54.6% female. Children under age 5 represent 9.6% of the population, under age 18 equal 28.6% of the population and over age 65 is 12.3% of the population. The median household income is $59,890, per capita income is $30,236. There are a total of 939 housing units with 53.2% owner occupied. Education includes 33.2% of residents that are high school graduates and 22.8% with a bachelor's degree or higher. The average temperature in Magnolia in the summer is 83 degrees, and in the winter 49 degrees.