This was 26.3 percent lower than the state average of 43.7 percent. In 2020 the total municipality population reached 263.
92.3 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 | 15 | 7.7 |
| Regular high school diploma | 68 | 34.9 |
| GED or alternative credential | 15 | 7.7 |
| Some college, less than 1 year | 15 | 7.7 |
| Some college, 1 or more years, no degree | 48 | 24.6 |
| Associate's degree | 25 | 12.8 |
| Bachelor's degree | 5 | 2.6 |
| Master's degree | 4 | 2.1 |
| Professional school degree | 0 | 0 |
| Doctorate degree | 0 | 0 |
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