Home Value
$154,600
45% lower than US avg
Bachelor's+
11.1%
67% lower than US avg
Obesity Rate
35.1%
9% higher than US avg
Unemployment
9.7%
169% higher than US avg
Poverty Rate
27.6%
123% higher than US avg
How Magnet Cove Compares to the U.S. Average (100% = U.S. avg)
People
Population818
Median Age31.2 yrs
Density388/mi²
Male / Female49% / 51%
Largest GroupWhite 100%
Economy
Median IncomeN/A
Per Capita$23,521
Unemployment9.7%
Poverty27.6%
County GDP$1,579M
Commute31 min
Housing
Home Value$154,600
RentN/A
OwnershipN/A
Health
Obesity35.1%
UninsuredN/A
Depression27.1%
Heart Disease6.7%
Climate
Avg Temp61°F
AQI43 (Good)
Rain57.5 in/yr
Elevation478 ft
Education
D
Bachelor's+11.1%
High School+97.9%
School Score4.91
Community
2024 VoteR 75% / D 23%
Commute31 min
Libraries2
Is Magnet Cove a Good Place to Live?
Based on current data, Magnet Cove receives an overall livability score of 1.9 out of 5.0, earning a grade of D. Key strengths include affordable housing, high health insurance coverage. Areas to be aware of include above-average unemployment, an elevated poverty rate. Magnet Cove faces significant challenges across several quality-of-life categories.
Economy & Jobs
At 9.7%, unemployment is notably high. The poverty rate of 27.6% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 31 minutes.
Cost of Living & Housing
The median home value in Magnet Cove is $154,600, 45% below the national median — offering relatively affordable homeownership.
Education
11.1% of residents hold a bachelor's degree, below the national average of 33.7%. 97.9% have completed high school. Area schools have an average test score of 4.9/10.
Climate & Weather
Magnet Cove enjoys a moderate climate with an average annual temperature of 61°F. Winters average 41°F in January while summers reach 81°F in July. Annual precipitation totals 57.5 inches. Air quality is rated Good with a median AQI of 43.
Magnet Cove has a population of 818 with a density of 388 people per square mile. The median age is 31.2 years, 20% younger than the national median of 38.9. The city is predominantly White (100%).
Population
31.2yrs
Median Age
20% below US avg
Race & Ethnicity
Magnet Cove vs U.S. Average
Language Spoken at Home
| English Only | 97.1% |
| 24% above US avg |
| Spanish | 2.9% |
| 78% below US avg |
Social Characteristics
Magnet Cove vs U.S. Average
The median household income in Magnet Cove is N/A. The unemployment rate is 9.7% (above the 3.6% US average). 27.6% of residents live below the poverty line. Workers commute an average of 31 minutes.
Income: Magnet Cove vs U.S.
Income
| |
| Per Capita Income | $23,521 |
| Avg Weekly Wage | $927 |
| IRS Avg AGI | $56,664 |
Employment & Poverty
| Unemployment | 9.7% |
| 169% above US avg |
| Poverty Rate | 27.6% |
| 123% above US avg |
| Establishments (County) | 621 |
| County GDP | $1,579M |
Business (County)
| Restaurants | 44 |
| Healthcare | 56 |
| Retail | 76 |
| Manufacturing | 30 |
Tax & Cost of Living
| Property Tax (IRS) | $1,921 |
| 45% below US avg |
| Effective Tax Rate | 1.24% |
Commute & Transportation
| Commute Time | 30.9 min |
| Work from Home | 12.3% |
The median home value in Magnet Cove is $154,600, 45% below the national average.
Home Values
| Census Median | $154,600 |
| 45% below US avg |
Real Estate Market (Redfin)
| $/Sq Ft | $103 |
| Homes Sold | 1 |
| Sale-to-List Ratio | 100.0% |
| Price Drops | 0.0% |
| Inventory | 1 |
Rental Costs
HUD Fair Market Rent
| Studio | $700 |
| 1 Bedroom | $751 |
| 2 Bedrooms | $944 |
| 3 Bedrooms | $1,239 |
| 4 Bedrooms | $1,406 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $1,921 |
| 45% below US avg |
| Effective Rate | 1.24% |
In Magnet Cove, 35.1% of adults are obese (above the 32.1% national rate). 27.1% report depression. 29.9% are physically inactive.
Health Metrics: Magnet Cove vs U.S. Average (%)
Chronic Conditions
| Obesity | 35.1% |
| 9% above US avg |
| Diabetes | 10.4% |
| Heart Disease | 6.7% |
| High Blood Pressure | 36.4% |
| Asthma | 10.8% |
| COPD | 8.0% |
| Stroke | 3.4% |
Behaviors & Mental Health
| |
| Binge Drinking | 16.1% |
| Physical Inactivity | 29.9% |
| Depression | 27.1% |
| Mental Distress | 20.5% |
| Physical Distress | 15.0% |
Healthcare Access
| Insurance Rate | 93.1% |
| |
| Checkup Rate | 76.3% |
| Premature Death | 12,718/100K |
Food & Exercise
| Food Environment | 5.8/10 |
| Exercise Access | 19.7% |
| Healthcare Facilities | 56 |
Crime Rates: Magnet Cove vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 15 |
Safety Score
Magnet Cove has an average annual temperature of 61°F (16°C). Winters average 41°F in January while summers reach 81°F in July. Annual precipitation is 57.5 inches. Air quality is rated Good with a median AQI of 43.
Temperature
41°F Jan (5°C)
81°F Jul (27°C)
| Annual Average | 61.3°F |
| 14% above US avg |
| January Average | 41°F (5°C) |
| July Average | 81°F (27°C) |
Precipitation & Snow
| Annual Rainfall | 57.5 inches |
| 51% above US avg |
| Snowfall | 1.2 inches/yr |
Air Quality
| AQI Median | 43.0 |
| Rating | Good |
Geography
| Elevation | 478 ft (146 m) |
| Area | 2.1 sq mi (5.5 km²) |
| Population Density | 388/sq mi |
| Coordinates | 34.4492°N, 92.8377°W |
| County FIPS | 05059 |