This was 1.4 percent lower than the state average of 37.7 percent. In 2020 the total municipality population reached 1,219.
95.4 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 | 38 | 4.6 |
| Regular high school diploma | 294 | 35.8 |
| GED or alternative credential | 18 | 2.2 |
| Some college, less than 1 year | 70 | 8.5 |
| Some college, 1 or more years, no degree | 103 | 12.5 |
| Associate's degree | 65 | 7.9 |
| Bachelor's degree | 167 | 20.3 |
| Master's degree | 58 | 7.1 |
| Professional school degree | 8 | 1 |
| Doctorate degree | 0 | 0 |
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