Economy in Magnolia, Texas
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Economy
| Unemployment Rate | 7.50% | 9.10% |
| Recent Job Growth | 1.59% | -0.12% |
| Future Job Growth | 35.68% | 31.25% |
| Sales Taxes | 8.25% | 6.80% |
| Income Taxes | 0.00% | 6.25% |
| Income per Cap. | $24,098 | $27,067 |
| Household Income | $54,492 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 12.72% | 12.10% |
| Income between 15K and 25K | 11.84% | 10.18% |
| Income between 25K and 35K | 6.89% | 10.56% |
| Income between 35K and 50K | 15.02% | 14.98% |
| Income between 50K and 75K | 20.85% | 19.53% |
| Income between 75K and 100K | 11.66% | 12.52% |
| Income between 100K and 150K | 13.96% | 12.14% |
| Income between 150K and 250K | 4.42% | 3.91% |
| Income between 250K and 500K | 2.47% | 3.34% |
| Income greater than 500K | 0.18% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 13.66% | 13.81% |
| Professional and Related Occupations | 17.64% | 22.68% |
| Service | 14.19% | 14.51% |
| Sales and Office | 27.19% | 25.22% |
| Farming, Fishing, and Forestry | 0.27% | 0.68% |
| Construction, Extraction, and Maintenance | 13.13% | 9.37% |
| Production, Transportation, and Material Moving | 19.36% | 15.86% |
The unemployment rate in Magnolia, TX, is 7.50%, with job growth of 1.59%. Future job growth over the next ten years is predicted to be 35.68%.
Magnolia, TX Taxes
Magnolia, TX,sales tax rate is 8.25%. Income tax is 0.00%.
Magnolia, TX Income and Salaries
The income per capita is $24,098, which includes all adults and children. The median household income is $54,492.
Magnolia Economy SperlingViews
Area is growing: The area northwest of Houston is growing rapidly with new businesses and... (read more)You used to move to the country to get away from H: Houston turned into a mess. Moved to Tomball. Tomball was eaten up by Houston and turned into a mess. Moved to Magnolia. Magnolia is currently being eaten up by... (read more)Country Living: Magnolia is a safe and great place to raise a family. Magnolia ISD is one of the top school districts in Texas. There are a lot of great golf courses located near... (read more)Have an opinion about Magnolia? Leave a commentTo See All SperlingViews for Magnolia Click Here
