This was 11.3 percent lower than the state average of 33 percent. In 2020 the total municipality population reached 2,998.
70.3 percent of the population had at least a high school diploma or the equivalent.
Degree distribution in Magnolia for 2020*
| Degree | Number of people | Percentage of population |
|---|---|---|
| No degree | 617 | 29.7 |
| Regular high school diploma | 508 | 24.5 |
| GED or alternative credential | 206 | 9.9 |
| Some college, less than 1 year | 67 | 3.2 |
| Some college, 1 or more years, no degree | 229 | 11 |
| Associate's degree | 152 | 7.3 |
| Bachelor's degree | 193 | 9.3 |
| Master's degree | 71 | 3.4 |
| Professional school degree | 29 | 1.4 |
| Doctorate degree | 5 | 0.2 |
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