Magnolia, IL is located in Putnam County and is known for its peaceful beauty and friendly people. According to the BestPlaces rankings, Magnolia has an overall score of 73 out of 100. The city has a cost of living index of 79 out of 100, which is slightly lower than the U.S. average. The median home price in Magnolia is $90,400, and the median income per household is $51,570 per year. The crime rate in Magnolia was ranked at 19 out of 100, which is much lower than the national average making it one of the safest places to live. Housing costs are also quite affordable compared to other cities in Illinois – with an average rent rate of just $786 per month. Magnolia offers its residents access to excellent schools and public amenities such as parks and recreation centers. All this makes it an ideal place to raise a family or retire!
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