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CITY · 2020 ACS

Magnet Cove

Arkansas · 692 residents · 2.11 sq mi
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The short version

Magnet Cove is wealthier than most US places, with a median household income of $83,839. Population has grown 27% since 2019. Median home value is $87,100. With a median age of 47.2, the population is older than the US median of 38.8. Poverty is rare here, at 0.0% of residents. Households here earn about 69% more than the Arkansas median.

At a glance
Wealthier
above the US median
US median: $66,278
Older
median age 47.2
US median: 38.8
Less educated
25% hold a bachelor's degree
US average: 33%
More affordable
home values down 5%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
692
+27%since 2019
from 544 in 2019
2009 – 2024
Population density
328 / sq mi
+27%since 2019
from 258 / sq mi in 2019
US average: 280
Median age
47.2
−7%since 2019
from 50.6 in 2019
US average: 38.8
Population, 2009 – 2024
03316639941K200920202024Magnet Cove
2024889
200920202024
Section 02

Income & economy

Median household income
$83,839
Unchangedinflation adjusted, since 2019
from $82,750 in 2019
US average: $66,278
2015 – 2022
Per capita income
$24,674
−16%since 2019
from $29,385 in 2019
US average: $35,364
Households earning $100K+
52.6%
+1.8 ptssince 2019
from 50.8% in 2019
US average: 43.9%
Poverty rate
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 12.8%
Workforce by industry, 2020
Other services25.6%
US avg: 6.6%
Public administration25.6%
US avg: 4.7%
Retail trade21.4%
US avg: 10%
Finance & insurance11.6%
US avg: 5.5%
Education & health services7%
US avg: 0.8%
Information5.9%
US avg: 11.1%
Professional, scientific, technical4.7%
US avg: 4.7%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Wholesale trade0%
US avg: 6.7%
Transportation & warehousing0%
US avg: 2.5%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$87,100
−5%inflation adjusted, since 2019
from $90,600 in 2019
US average: $265,253
2015 – 2024
Owner-occupied
81.0%
−19.0 ptssince 2019
from 100.0% in 2019
19.0% rent
Afford Score
1.0
−5%since 2019
from 1.1 in 2019
2015 – 2022
RELATED:See current rent listings in Magnet Cove on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic100%(544)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
2020
White, non-Hispanic92.5%(640)
Black0%(0)
Hispanic / Latino0.7%(5)
Asian0%(0)
Other0%(0)
Diversity Score1.9%(13)
Diversity Score
2
from 0 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
24.6%
+8.2 ptssince 2019
from 16.3% in 2019
US average: 32.9%
High school or higher
100.0%
Unchangedsince 2019
from 100.0% in 2019
US average: 88.5%
Graduate degree
3.7%
+0.2 ptssince 2019
from 3.5% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
27.1 min
Unchangedsince 2019
from 27.2 min in 2019
US average: 26.9
Drive alone to work
97.5%
+1.7 ptssince 2019
from 95.7% in 2019
US average: 75.1%
No vehicle available
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
21.8%
+11.3 ptssince 2019
from 10.6% in 2019
US average: 5.4%
Labor force participation
68.4%
+1.4 ptssince 2019
from 67.0% in 2019
US average: 63.4%
Management & professional
40.6%
+7.5 ptssince 2019
from 33.1% in 2019
US average: 39.3%
Section 08

People & community

Male
37.9%
+1.8 ptssince 2019
from 36.0% in 2019
Female
62.1%
−1.8 ptssince 2019
from 64.0% in 2019
Foreign born
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 13.5%
Uninsured
0.0%
Unchangedsince 2019
from 0.0% in 2019
US average: 8.8%
Drill deeper

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Head to head

Compare Magnet Cove to nearby cities

MAGNET COVE VS
Malvern
Income$46,250−45%
Home value$104,500+20%
Population11,144+1154%
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MAGNET COVE VS
Hot Springs
Income$47,760−43%
Home value$165,500+90%
Population37,979+4172%
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MAGNET COVE VS
Hot Springs
Income$75,370−10%
Home value$272,000+212%
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MAGNET COVE VS
Benton
Income$72,876−13%
Home value$212,700+144%
Population38,898+4275%
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Frequently asked

How many people live in Magnet Cove, Arkansas?

Magnet Cove, Arkansas has about 692 residents according to the 2020 American Community Survey.

What is the median household income in Magnet Cove, Arkansas?

The typical household in Magnet Cove, Arkansas earns about $83,839 a year. Half of households make more than that, and half make less.

Is Magnet Cove, Arkansas expensive?

In Magnet Cove, Arkansas, the median home is worth about $87,100.

How educated are people in Magnet Cove, Arkansas?

About 24.6% 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 0.0% 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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