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CITY

Magnet Cove

Arkansas · 889 residents · 2.11 sq mi
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The short version

Population has held roughly steady since 2023. 17% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value is $156,700. At a median age of 34.0, residents skew younger than the country as a whole. The poverty rate of 34.5% is well above the national figure.

At a glance
Younger
median age 34.0
US median: 38.9
Less educated
17% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
889
+9%since 2023
from 818 in 2023
2009 – 2024
Population density
421 / sq mi
+9%since 2023
from 388 / sq mi in 2023
US average: 281
Median age
34.0
+9%since 2023
from 31.2 in 2023
US average: 38.9
Population, 2009 – 2024
03316639941K200920202024Magnet Cove
2024889
200920202024
Section 02

Income & economy

Per capita income
$28,824
+23%since 2023
from $23,521 in 2023
US average: $44,673
Households earning $100K+
34.0%
+2.8 ptssince 2023
from 31.1% in 2023
US average: 53.3%
Poverty rate
34.5%
−12.4 ptssince 2023
from 46.9% in 2023
US average: 12.5%
Income inequality (Gini)
0.530
−6%since 2023
from 0.566 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade19.2%
US avg: 9.9%
Wholesale trade9.3%
US avg: 6.9%
Other services4.2%
US avg: 6.7%
Public administration4.2%
US avg: 4.8%
Agriculture, forestry, fishing3.1%
US avg: 1.6%
Construction3.1%
US avg: 1.2%
Information1.3%
US avg: 10.8%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Finance & insurance0%
US avg: 5.9%
Professional, scientific, technical0%
US avg: 5.1%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$156,700
−2%inflation adjusted, since 2023
from $154,600 in 2023
US average: $376,019
2015 – 2024
Owner-occupied
64.2%
+15.5 ptssince 2023
from 48.6% in 2023
35.8% rent
Vacancy rate
25.6%
−1.8 ptssince 2023
from 27.4% in 2023
US average: 10.0%
Owner cost-burdened
0.0%
−5.0 ptssince 2023
from 5.0% in 2023
US average: 22.9%
Renter cost-burdened
70.9%
+2.1 ptssince 2023
from 68.8% in 2023
US average: 47.4%
RELATED:See current rent listings in Magnet Cove on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic85.7%(701)
Black0%(0)
Hispanic / Latino14.3%(117)
Asian0%(0)
Other0%(0)
Diversity Score30.6%(251)
2024
White, non-Hispanic86.8%(772)
Black0%(0)
Hispanic / Latino13.2%(117)
Asian0%(0)
Other0%(0)
Diversity Score28.6%(254)
Diversity Score
29
−7%since 2023
from 31 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
16.7%
+5.6 ptssince 2023
from 11.1% in 2023
US average: 35.6%
High school or higher
96.5%
−1.3 ptssince 2023
from 97.9% in 2023
US average: 89.6%
Graduate degree
1.9%
+1.9 ptssince 2023
from 0.0% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
31.6 min
+2%since 2023
from 30.9 min in 2023
US average: 26.5
Drive alone to work
88.3%
+2.8 ptssince 2023
from 85.5% in 2023
US average: 68.9%
Carpooled to work
0.0%
−2.1 ptssince 2023
from 2.1% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
11.7%
−0.6 ptssince 2023
from 12.3% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
1.6%
−1.1 ptssince 2023
from 2.7% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
13.9%
−1.5 ptssince 2023
from 15.4% in 2023
US average: 5.2%
Labor force participation
68.8%
+5.7 ptssince 2023
from 63.1% in 2023
US average: 63.5%
Self-employed
7.7%
+1.3 ptssince 2023
from 6.4% in 2023
US average: 13.1%
Management & professional
36.6%
+8.8 ptssince 2023
from 27.9% in 2023
US average: 42.5%
Section 08

People & community

Male
48.8%
−0.4 ptssince 2023
from 49.3% in 2023
Female
51.2%
+0.4 ptssince 2023
from 50.7% in 2023
Foreign born
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 14.1%
Veterans
5.0%
+3.6 ptssince 2023
from 1.4% in 2023
US average: 6.2%
With a disability
22.5%
−4.2 ptssince 2023
from 26.7% in 2023
US average: 13.3%
Uninsured
19.1%
−4.9 ptssince 2023
from 24.0% in 2023
US average: 8.4%
Broadband at home
74.6%
+9.9 ptssince 2023
from 64.7% in 2023
US average: 91.0%
English only at home
99.1%
+0.4 ptssince 2023
from 98.7% in 2023
US average: 77.7%
Spanish at home
0.9%
−0.4 ptssince 2023
from 1.3% in 2023
US average: 13.6%
Drill deeper

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Compare Magnet Cove to nearby cities

MAGNET COVE VS
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Income$46,250
Home value$104,500−33%
Population11,144+1154%
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MAGNET COVE VS
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Home value$165,500+6%
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MAGNET COVE VS
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Home value$272,000+74%
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MAGNET COVE VS
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Home value$212,700+36%
Population38,898+4275%
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Frequently asked

How many people live in Magnet Cove, Arkansas?

Magnet Cove, Arkansas has about 889 residents according to the 2024 American Community Survey.

Is Magnet Cove, Arkansas expensive?

In Magnet Cove, Arkansas, the median home is worth about $156,700.

How educated are people in Magnet Cove, Arkansas?

About 16.7% of adults age 25 and over in Magnet Cove, Arkansas hold a bachelor's degree or higher.

What is the poverty rate in Magnet Cove, Arkansas?

About 34.5% of people in Magnet Cove, Arkansas live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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