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Magnet Cove, AR
Full City Profile · Arkansas · Hot Spring County County
1.4
/5.0
F
Poor
818
Population
388/sq mi density
$154,600
Home Value
$138,846 Zillow
61°F
Avg Temperature
301 sunny days/yr
376
Violent Crime/100K
4,313 property/100K
F
Overall
1.4 / 5.0
Below average overall score based on economy, affordability, safety and education
F
Safety
1.0 / 5.0
376 violent crimes/100K
D
Education
1.9 / 5.0
11.1% bachelor's degree or higher
Income Overview
Per Capita Income
$23,521
40% below
US avg: $39,052
Unemployment Rate
9.7%
169% above
US avg: 3.6%
Poverty Rate
27.6%
123% above
US avg: 12.4%
Income Comparison: Magnet Cove vs. U.S. Average
Each bar shows Magnet Cove’s value as a percentage of the national average (100% line = U.S. avg)
Per Capita
US: $39,052
$23,521
60%
IRS Avg AGI
US: $72,000
$56,664
79%
Avg Weekly Wage
US: $1,432
$927
65%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$927
35% below US avg ($1,432)
Mean Commute Time
31 min
12% above US avg (28 min)
Work From Home
12.3%
19% below US avg (15.2%)
Drive Alone
85.5%
17% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,579M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
85.5%
Public Transit
0%
Work From Home
12.3%
Other
2.2%
Average commute time
31 minutes
US avg: 28 min
Business Landscape
Total Establishments
621
Restaurants
44
Healthcare
56
Retail
76
Manufacturing
30
Tax & Financial
IRS Avg Adjusted Gross Income
$56,664
21% below US avg ($72,000)
Avg Property Tax
$1,921
45% below US avg ($3,500)
Cost of Living Index
86.9
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Per Capita Income | $23,521 |
| IRS Avg Adjusted Gross Income | $56,664 |
| Avg Weekly Wage | $927 |
| County GDP | $1,579M |
Hardship Indicators
| Unemployment Rate | 9.7% |
| Poverty Rate | 27.6% |
| Gini Coefficient | 0.438 |
| Cost of Living Index | 86.9 |
Commute
| Mean Commute | 31 minutes |
| Drive Alone | 85.5% |
| Public Transit | 0.0% |
| Work From Home | 12.3% |
Businesses
| Total Establishments | 621 |
| Restaurants | 44 |
| Healthcare | 56 |
| Retail | 76 |
| Manufacturing | 30 |
Tax
| IRS Avg AGI | $56,664 |
| Avg Property Tax | $1,921 |