Magnolia is located close to the center of Illinois. Magnolia is between the Putnam, Marshall county. Magnolia has 0.33 square miles of land area and has no water area. As of 2010-2014, the total Magnolia population is 345, which has grown 23.66% since 2000. The population growth rate is much higher than the state average rate of 3.62% and is much higher than the national average rate of 11.61%. Magnolia median household income is $41,406 in 2010-2014 and has grown by 8.61% since 2000. The income growth rate is much lower than the state average rate of 22.70% and is much lower than the national average rate of 27.36%. Magnolia median house value is $79,300 in 2010-2014 and has grown by 42.63% since 2000. The house value growth rate is higher than the state average rate of 34.33% and is lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Magnolia is better than the state average in quality. The Magnolia area code is 815.