Mount Magnet, Australia

Full City Profile

3.5 /5.0

B+ Good

660 Population 7/sq mi density

1,407 ft Elevation 429 meters

70°F Avg Temperature 21°C

B+

Overall

3.5 / 5.0

Good overall score based on economy, affordability, safety and education

C+

Economy

2.7 / 5.0

$23,761 median income, 4.8% unemployment

Affordability

4.3 / 5.0

$98,600 home value, $493/mo rent

Mount Magnet, Australia

At a Glance

Median Income

$23,761

68% below

$23,761 per capita

Home Value

$98,600

65% below

Median Rent

$493/mo

58% below

Unemployment

4.8%

33% above

Avg Temperature

70°F

318 sunny days/yr

Is Mount Magnet a Good Place to Live?

B+

3.5 / 5.0 — Good

Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Mount Magnet residents earn a median household income of $23,761 , which is 68% below the national average of $75,149. Per capita income is $23,761. The unemployment rate stands at 4.8% (33% above the U.S. rate of 3.6%). The area is home to 63 business establishments.

Housing & Cost of Living

The median home value in Mount Magnet is $98,600 , 65% below the national median of $281,900. Median rent is $493/month.

Climate & Weather

Mount Magnet has an average annual temperature of 70°F (21°C). Winters average 86°F in January while summers reach 54°F in July. The area gets 318 sunny days per year. Annual precipitation totals 10.1 inches.

Data Overview

People

Population660

Median Age43.0 yrs

Density7/mi²

Foreign Born10.3%

Economy

C+

Median Income$23,761

Per Capita$23,761

Unemployment4.8%

Poverty

Avg Weekly Wage$457

Housing

Home Value$98,600

Rent$493

Ownership64.2%

Housing Units264

Climate

Avg Temp70°F

Sunny Days318/yr

Rain10.1 in/yr

Elevation1,407 ft

Did You Know?

10.3% of residents are foreign-born.