Magnolia is a village in Putnam County, Illinois, United States. The population was 260 at the 2010 census. It is part of the Ottawa-Streator Micropolitan Statistical Area.
Magnolia is located at 41°6′46″N 89°11′43″W / 41.11278°N 89.19528°W / 41.11278; -89.19528 (41.112719, −89.195274).
According to the 2010 census, the village has a total area of 0.33 square miles (0.85 km), all land.
As of the census of 2000, there were 279 people, 103 households, and 73 families residing in the village. The population density was 936.9 people per square mile (359.1/km²). There were 109 housing units at an average density of 366.0 per square mile (140.3/km²). The racial makeup of the village was 95.70% White, 2.51% African American, 1.08% Native American and 0.72% Asian. Hispanic or Latino of any race were 0.36% of the population.
There were 103 households out of which 33.0% had children under the age of 18 living with them, 57.3% were married couples living together, 6.8% had a female householder with no husband present, and 28.2% were non-families. 22.3% of all households were made up of individuals and 9.7% had someone living alone who was 65 years of age or older. The average household size was 2.71 and the average family size was 3.20.
In the village, the population was spread out with 28.7% under the age of 18, 9.3% from 18 to 24, 24.4% from 25 to 44, 22.9% from 45 to 64, and 14.7% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 87.2 males. For every 100 females age 18 and over, there were 93.2 males.
The median income for a household in the village was $38,125, and the median income for a family was $45,625. Males had a median income of $36,250 versus $25,694 for females. The per capita income for the village was $13,909. About 2.9% of families and 11.1% of the population were below the poverty line, including 11.9% of those under the age of eighteen and 16.3% of those sixty five or over.
Two families make up the majority of the villages populace. The Smith family makes up approximately 50% of the population, while the Ringenberg family makes up approximately 10% of the population. These percentages are expected to grow in upcoming years due to the larger than average harvest this year.