Magnet Cove, AR

Census Place

2024 Population

889

US Senator

John Boozman

Republican Party

US Senator

Tom Cotton

Republican Party

2024 Median Age

8.97% 1-year increase

2024 Poverty Rate

34.5%

26.4% 1-year decrease

2022 Median Household Income

$82,411

32.9% 1-year decline

2024 Median Property Value

Population & Diversity

Magnet Cove, AR is home to a population of 889 people, from which 100% are citizens.

In 2024, there were 8.13 times more White (Non-Hispanic) residents (772 people) in Magnet Cove, AR than any other race or ethnicity. There were 95 White (Hispanic) and 22 Two Races Including Other (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

100%

2024 Citizenship

100%

2023 Citizenship

As of 2024, 100% of Magnet Cove, AR residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Magnet Cove, AR was 100%, meaning that the rate of citizenship has been maintaining.

The following chart shows US citizenship percentages in Magnet Cove, AR compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Magnet Cove, AR

White (Non-Hispanic)
772 ± 275
White (Hispanic)
95 ± 122
Two Races Including Other (Hispanic)
22 ± 36

13.2%

Hispanic Population

117 people

13.2% of the people in Magnet Cove, AR are hispanic (117 people).

The following chart shows the 8 races represented in Magnet Cove, AR as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Arkansas.

Most Common Origin

Mexico
66,868 ± 6,279 people
El Salvador
15,793 ± 3,077 people
India
10,798 ± 2,547 people

In 2024, the most common birthplace for the foreign-born residents of Arkansas was Mexico, the natal country of 66,868 Arkansas residents, followed by El Salvador with 15,793 and India with 10,798.

Military

Veterans

Most Common Service Period

Gulf War (2001-)
25 ± 35
Gulf War (1990s)
11 ± 23

Magnet Cove, AR has a large population of military personnel who served in Gulf War (2001-), 2.27 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Magnet Cove, AR.

Economy

The economy of Magnet Cove, AR employs 453 people. In 2024, the largest industries in Magnet Cove, AR were Health Care & Social Assistance (160 people), Manufacturing (87 people), and Management of Companies & Enterprises (53 people), and the highest paying industries were Manufacturing ($71,406), Educational Services, & Health Care & Social Assistance ($4,895), and Health Care & Social Assistance ($4,605).

Employment

Occupations

453

2024 Value

± 198

21.4%

1 Year growth

± 59.9%

From 2023 to 2024, employment in Magnet Cove, AR grew at a rate of 21.4%, from 373 employees to 453 employees.

The most common job groups, by number of people living in Magnet Cove, AR, are Food Preparation & Serving Related Occupations (113 people), Business & Financial Operations Occupations (72 people), and Construction & Extraction Occupations (67 people). This chart illustrates the share breakdown of the primary jobs held by residents of Magnet Cove, AR.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Arkansas.

This chart shows weekly unemployment insurance claims in Arkansas (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

453

2024 Value

± 198

21.4%

1 Year growth

± 59.9%

From 2023 to 2024, employment in Magnet Cove, AR grew at a rate of 21.4%, from 373 employees to 453 employees.

The most common employment sectors for those who live in Magnet Cove, AR, are Health Care & Social Assistance (160 people), Manufacturing (87 people), and Management of Companies & Enterprises (53 people). This chart shows the share breakdown of the primary industries for residents of Magnet Cove, AR, though some of these residents may live in Magnet Cove, AR and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$52,440

Median earning men ± $27,289

$40,147

Median earning women ± $69,172

The industries with the best median earnings for men in 2024 are Manufacturing ($71,406).

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($4,895).

Housing & Living

The median property value in Magnet Cove, AR was $156,700 in 2024, which is 0.471 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $154,600 to $156,700, a 1.36% increase. The homeownership rate in Magnet Cove, AR is 64.2%, which is lower than the national average of 65.2%.

People in Magnet Cove, AR have an average commute time of 31.6 minutes, and they drove alone to work. Car ownership in Magnet Cove, AR is higher than the national average, with an average of 3 cars per household.

Housing

Property

$156,700

Median Property Value 2024

±$30,123

$240

Median Property Taxes

±$115

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Magnet Cove, AR the largest share of households pay taxes in the $800 - $1,499 range.

The chart underneath the paragraph shows the property taxes in Magnet Cove, AR compared to it's parent and neighbor geographies.

Rent vs Own

64.2%

Homeownership

2024

52.5%

Homeowners with Mortgage

2024

In 2024, 64.2% of the housing units in Magnet Cove, AR were occupied by their owner. This percentage grew from the previous year's rate of 48.6%.

This chart shows the percentage of owner in Magnet Cove, AR compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$82,411

Median Household Income

± $77,913

374

Number of Households

± 172

In 2022, the median household income of the 374 households in Magnet Cove, AR declined from $82,411 from the previous year's value of $122,733.

The following chart displays the households in Magnet Cove, AR distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the < $10k range.

Wage Distribution

The closest comparable wage GINI for Magnet Cove, AR is from Arkansas.

0.445

2024 Wage GINI in Arkansas

0.448

2023 Wage GINI in Arkansas

In 2024, the income inequality in Arkansas was 0.445 according to the GINI calculation of the wage distribution. Income inequality had a 0.844% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Arkansas was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Arkansas in comparison to the national average.

This chart shows the number of workers in Arkansas across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (88.3%)
Worked At Home (11.7%)

In 2024, 88.3% of workers in Magnet Cove, AR drove alone to work, followed by those who worked at home (11.7%) and those who carpooled to work (0%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

31.6 minutes

Average Travel Time

Using averages, employees in Magnet Cove, AR have a longer commute time (31.6 minutes) than the normal US worker (26.4 minutes). Additionally, 5.75% of the workforce in Magnet Cove, AR have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Magnet Cove, AR compares to that of it's neighboring and parent geographies.

Car Ownership

3 cars

Average Number

The following chart displays the households in Magnet Cove, AR distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Magnet Cove, AR have 3 cars.

Poverty

Poverty & Diversity

34.5% of the population for whom poverty status is determined in Magnet Cove, AR (307 out of 889 people) live below the poverty line, a number that is higher than the national average of 12.5%. The largest demographic living in poverty are Females 18 - 24, followed by Males 25 - 34 and then Females 6 - 11.

The most common racial or ethnic group living below the poverty line in Magnet Cove, AR is White, followed by Hispanic and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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