Magnolia is a town in Rock County, Minnesota, United States. The population was 222 at the 2010 census.
According to the United States Census Bureau, the town has a total area of 1.0 square miles (2.7 km²), all of it land.
As of the census of 2000, there were 221 people, 79 households, and 57 families residing in the town. The population density was 215.6 people per square mile (82.8/km²). There were 87 housing units at an average density of 84.9 per square mile (32.6/km²). The racial makeup of the town was 82.81% White, 2.71% African American, 9.50% Asian, 0.45% Pacific Islander, and 4.52% from two or more races. Hispanic or Latino of any race were 4.98% of the population.