Magnolia borough, NJ

ZIP 08049 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Magnolia borough, NJ (08049)

Median Income

$94,567

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+339

Wealth inflow

Population

5,273

Unemployment

6.6%

2.9pp above US avg

IRS migration statistics show a net inflow of about 339 for ZIP 08049 (Magnolia borough, NJ) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

6.6%+78% vs US avg

Self-Employed

5.3%-14% vs US avg

SNAP Benefits

9.2%-22% vs US avg

Establishments

686

Employees

~10 per establishment — small businesses dominate

Healthcare

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Construction7.4%
Manufacturing8.3%
Wholesale trade0.4%
Retail trade13.8%
Transportation, utilities5.5%
Information2.9%
Finance, insurance, real estate5.5%
Professional, scientific, management16.5%
Education, health care, social22.3%
Arts, entertainment, food services6.5%
Other services4.8%
Public administration6.1%

Household Income

Historical Trends in 08049 (2020–Present)

Since 2020, population grew 1.7%, median income rose 15.6% (inflation-adjusted), home values increased 16.2%.

Median Income

$94,567

+26% vs US avg

Unemployment Rate