Is Magnetawan a Good Place to Live?
Based on current data, Magnetawan receives an overall livability score of 2.2 out of 5.0, earning a grade of C. Key strengths include abundant sunshine, strong internet connectivity. Areas to be aware of include high housing costs, above-average unemployment, an elevated poverty rate. Magnetawan has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Magnetawan is $67,000, 11% below the national average of $75,149. At 10.8%, unemployment is notably high. The poverty rate of 17.6% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 29 minutes.
Cost of Living & Housing
The median home value in Magnetawan is $500,000, making it a premium housing market at 77% above the U.S. median of $281,900. Renters pay a median of $650 per month, below the national average — a plus for affordability. With a home price-to-income ratio of 7.5x, housing affordability is a significant challenge for many families.
Education
9.9% of residents hold a bachelor's degree, below the national average of 33.7%. 32.1% have completed high school.
Climate & Weather
Magnetawan has a cool climate with an average annual temperature of 40°F. Winters average 12°F in January while summers reach 65°F in July. With 262 sunny days per year, residents enjoy well above the national average of sunshine. Annual precipitation totals 40.7 inches, including 16.2 inches of snow. Air quality is rated Good with a median AQI of 27.