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Magnet, NE

Nebraska

Magnet is a small town in Nebraska with a population of 63. Residents earn $57,250 per year, which is 24% below the national average.

3.5 /5.0
B+ Good
63 Population 420/sq mi density
$57,250 Median Income $25,668 per capita
$42,500 Home Value
48°F Avg Temperature 291 sunny days/yr
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$57,250 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$42,500 home value
D
Education
1.5 / 5.0
6.7% bachelor's degree or higher
Median Income $57,250
24% lower than US avg
Home Value $42,500
85% lower than US avg
Bachelor's+ 6.7%
80% lower than US avg
Unemployment 0.0%
100% lower than US avg
Poverty Rate 10.0%
19% lower than US avg

How Magnet Compares to the U.S. Average (100% = U.S. avg)

People

Population63
Median Age41.5 yrs
Density420/mi²
Male / Female54% / 46%
Largest GroupWhite 75%
Veterans48.0%

Economy

B+
Median Income$57,250
Per Capita$25,668
Unemployment0.0%
Poverty10.0%
County GDP$738M
Commute31 min

Housing

A+
Home Value$42,500
RentN/A
OwnershipN/A
Housing Units31
Rent Burden23.6%

Climate

Avg Temp48°F (9°C)
AQI32 (Good)
Rain27.5 in/yr
Sunny Days291/yr
Elevation1,817 ft (554 m)

Education

D
Bachelor's+6.7%
High School+80.0%
Graduate+0.0%
School Score5.81

Community

2024 VoteR 88% / D 11%
Commute31 min
Broadband27.0%
Libraries3

Is Magnet a Good Place to Live?

Based on current data, Magnet receives an overall livability score of 3.5 out of 5.0, earning a grade of B+. Key strengths include low unemployment, affordable housing, abundant sunshine. Areas to be aware of include below-average incomes. Magnet offers a solid quality of life with a good balance of affordability, safety, and opportunity.

Economy & Jobs

The median household income in Magnet is $57,250, 24% below the national average of $75,149. The job market is very strong with unemployment at just 0.0%. 10.0% of residents live in poverty, near the national average of 12.4%. Workers commute an average of 31 minutes.

Cost of Living & Housing

The median home value in Magnet is $42,500, 85% below the national median — offering relatively affordable homeownership. At just 0.7x median income, home prices are very affordable relative to local earnings.

Education

6.7% of residents hold a bachelor's degree, below the national average of 33.7%. 80.0% have completed high school. Area schools have an average test score of 5.8/10.

Climate & Weather

Magnet experiences four distinct seasons with an average temperature of 48°F. Winters average 21°F in January while summers reach 74°F in July. With 291 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 27.5 inches, including 32.2 inches of snow. Air quality is rated Good with a median AQI of 32.

Magnet has a population of 63 with a density of 420 people per square mile. The median age is 41.5 years, 7% older than the national median of 38.9. The city is predominantly White (74.6%), with 22.2% Hispanic.

Population

63
Total Population
420
People / sq mi
41.5yrs
Median Age
7% above US avg
0.2mi²
Land Area

Gender Distribution

Male 54%
Female 46%

Race & Ethnicity

Magnet vs U.S. Average

Language Spoken at Home

English Only100.0%
27% above US avg
Spanish0.0%
100% below US avg

Social Characteristics

Magnet vs U.S. Average

The median household income in Magnet is $57,250, which is 24% below the national average of $75,149. The unemployment rate is 0.0% (below the 3.6% US average). 10.0% of residents live below the poverty line. Workers commute an average of 31 minutes.

Income: Magnet vs U.S.

Commute Mode

Income

Median HH Income$57,250
24% below US avg
Per Capita Income$25,668
Avg Weekly Wage$919
IRS Avg AGI$80,902

Employment & Poverty

Unemployment0.0%
100% below US avg
Poverty Rate10.0%
19% below US avg
Establishments (County)244
County GDP$738M

Business (County)

Restaurants14
Healthcare20
Retail32
Manufacturing8

Tax & Cost of Living

Property Tax (IRS)$4,155
19% above US avg
Effective Tax Rate9.78%

Commute & Transportation

Commute Time31.4 min
Drive Alone60.7%
Public Transit0.0%
Work from Home21.4%

Walkability

The median home value in Magnet is $42,500, 85% below the national average.

Home Value Sources

Ownership Split

Home Values

Census Median$42,500
85% below US avg

Real Estate Market (Redfin)

Rental Costs

Rent Burden23.6%

HUD Fair Market Rent

Studio$706
1 Bedroom$791
2 Bedrooms$1,001
3 Bedrooms$1,274
4 Bedrooms$1,409

Ownership & Property

Owner-Occupied77.8%
Housing Units31
Median Year Built1938

Property Tax

Avg Tax (IRS)$4,155
19% above US avg
Effective Rate9.78%
Magnet has an average annual temperature of 48°F (9°C). Winters average 21°F in January while summers reach 74°F in July. Annual precipitation is 27.5 inches. The area enjoys 291 sunny days per year. Air quality is rated Good with a median AQI of 32.

Temperature

21°F Jan (-6°C) 74°F Jul (23°C)
Annual Average48.3°F
11% below US avg
January Average21°F (-6°C)
July Average74°F (23°C)
Sunny Days291 days/yr

Precipitation & Snow

Annual Rainfall27.5 inches
28% below US avg
Snowfall32.2 inches/yr

Air Quality

AQI Median32.0
RatingGood

Geography

Elevation1,817 ft (554 m)
Area0.2 sq mi (0.4 km²)
Population Density420/sq mi
Coordinates42.4561°N, 97.4693°W
TimezoneAmerica/Chicago
County FIPS31139
It is classified as Nonmetro — Rural. 6.7% of residents hold a bachelor's degree or higher (80% below US avg). In the 2024 election, the county voted Republican by a 76.3-point margin. 27.0% of households have broadband internet.

2024 Presidential Election (County)

R 87.8%
D 11.4%

Winner: Republican by 76.3 points

Education

Bachelor's Degree+6.7%
80% below US avg
High School+80.0%
Graduate Degree+0.0%
School Test Score5.81
D Education Grade (1.5/5.0)

Urban-Rural Classification

RUCC Code 9Nonmetro — Rural
Population Density420/sq mi
Total Area0.2 sq mi

Infrastructure & Services

Broadband Access27.0%
Public Libraries3
Healthcare Facilities20
Restaurants14
Retail Stores32

Safety & Disasters

Fatal Crashes (County/yr)1

Commute & Transportation

Avg Commute31.4 min
Drive Alone60.7%
Public Transit0.0%
Work from Home21.4%

Nearby Cities

Hartington, NE 1,736 pop · 15.3 mi Plainview, NE 1,241 pop · 17.7 mi Pierce, NE 1,986 pop · 18.0 mi Creighton, NE 1,199 pop · 22.3 mi Wayne, NE 6,055 pop · 27.9 mi Woodland Park, NE 1,648 pop · 28.5 mi Norfolk, NE 25,962 pop · 29.6 mi Yankton, SD 15,501 pop · 30.2 mi Battle Creek, NE 1,478 pop · 32.3 mi Wakefield, NE 1,288 pop · 33.6 mi Springfield, SD 2,073 pop · 35.5 mi Vermillion, SD 11,800 pop · 35.6 mi Neligh, NE 1,636 pop · 36.5 mi Stanton, NE 1,824 pop · 37.5 mi
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