Magnet Cove is a city located in Garland County, Grant County, Hot Spring County, and Saline County Arkansas. Magnet Cove has a 2024 population of 1,231. Magnet Cove is currently growing at a rate of 1.07% annually and its population has increased by 27.7% since the most recent census, which recorded a population of 964 in 2020.
The average household income in Magnet Cove is $85,603 with a poverty rate of 27.55%. The median rental costs in recent years comes to - per month, and the median house value is -. The median age in Magnet Cove is 31.3 years, 31.7 years for males, and 23.7 years for females.
According to the most recent ACS, the racial composition of Magnet Cove was:
White
Black or African American
Native American
Asian
Native Hawaiian or Pacific Islander
Other race
Two or more races
Household Type | Count | Average Size | Owner | Renter |
|---|---|---|---|---|
| All | 315 | 3.83 | 74.6 | 25.4 |
| Married | 291 | 4.06 | 72.5 | 27.5 |
| Non Family | 24 | 0 | 100 | 0 |
| Male | 0 | 0 | 0 | 0 |
| Female | 0 | 0 | 0 | 0 |
4.06
Average Family Size
3.83
Average Household Size
74.6%
Rate of Home Ownership
Married
Male
Female
NonFamily
owner
renter
Male
Female
Less Than 9th Grade
9th to 12th Grade
High School Graduate
Some College
Associates Degree
Bachelors Degree
Graduate Degree
High School Graduation Rate
Bachelors Rate
The highest rate of high school graduation is among white people with a rate of 98.23%.
The highest rate of bachelors degrees is among white people with a rate of 13.2%.
Only English
Spanish
Other Indo-European Languages
Asian and Pacific Island Languages
Other Languages
97.1% of Magnet Cove residents speak only English, while 2.9% speak other languages. The non-English language spoken by the largest group is Spanish, which is spoken by 2.9% of the population.
rate
27.55%
Overall Poverty Rate
33.1%
Male Poverty Rate
22.61%
Female Poverty Rate
The race most likely to be in poverty in Magnet Cove is White, with 27.55% below the poverty level.
The race least likely to be in poverty in Magnet Cove is White, with 27.55% below the poverty level.
The poverty rate among those that worked full-time for the past 12 months was 0%. Among those working part-time, it was 33.41%, and for those that did not work, the poverty rate was 23.5%.
Married
Widowed
Divorced
Separated
NeverMarried
53.9%
Overall Marriage Rate
56.1%
Male Marriage Rate
51.9%
Female Marriage Rate
male
female
The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is Over 65.
Married
Widowed
Divorced
Separated
NeverMarried
Less Than 9th Grade
High School Graduate
Some College
Bachelors or Greater
0%
Veteran Poverty Rate
100%
Veteran Disability Rate
LaborForceParticipation
59.9%
Labor Force Participation
46.6%
Employment Rate
22.3%
Unemployment Rate
LaborForceParticipation
LaborForceParticipation
Europe
Asia
Africa
Oceania
Latin America
North America
Non citizens include legal permanent residents (green card holders), international students, temporary workers, humanitarian migrants, and illegal immigrants.
Europe
Asia
Africa
Oceania
Latin America
North America
89.21%
Born in Magnet Cove
100%
Native Born
0%
Foreign Born
0%
Non Citizen
0%
Naturalized
100% of Magnet Cove residents were born in the United States, with 89.21% having been born in Arkansas. 0% of residents are not US citizens. Of those not born in the United States, the largest percentage are from Europe.