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Magnolia, NJ 08049 has a population of approximately 5,678 and experiences a population change rate of 4.63%. The population density is 4,509.9 / sq mi .
The median household income for Magnolia, NJ 08049 is $74,306, with 2,058 households and an average household size of 2.54.
The median value of a home in Magnolia, NJ 08049 is $252,400 with an appreciation rate of 18.10%. 66.79% of housing in the state is owned while 25.58% is rented.
The cost of living in Magnolia, NJ 08049 is 97.2 %.
The unemployment rate in Magnolia, NJ 08049 is 3.30%, and recent job growth is at 3.00%. Future job growth is projected at 48.49%.
The sales tax rate in Magnolia, NJ 08049 is 6.63%, while the income tax rate is 5.53% .
School expenditures in Magnolia, NJ 08049 are $24,781, and the school ratio is 12.1:1.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 24.5 degrees. The average rainfall is approximately 46.5 inches per year, with 12.9 inches of snow per year.