The Town of Magnet Cove had a population of 458 as of July 1, 2020. Magnet Cove ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Arkansas. See peer rankings below.
The primary coordinate point for Magnet Cove is located at latitude 34.4543 and longitude -92.8446 in Hot Spring County. The formal boundaries for the Town of Magnet Cove encompass a land area of 0.01 sq. miles and a water area of 0 sq. miles. Hot Spring County is in the Central time zone (GMT -6). The elevation is 518 feet.
The Town of Magnet Cove (GNIS ID: 2747298) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Alternate Unofficial Names for Magnet Cove: Magnet.
|Total Population||458 (100%)|
|Population in Households||458 (100.0%)|
|Population in Families||393 (85.8%)|
|Population in Group Quarters1||0|
|Median Household Income||$64,033|
|Average Household Income||$81,159|
|% of Income for Mortgage4||8%|
|Per Capita Income||$31,785|
|Total HU (Housing Units)||181 (100%)|
|Owner Occupied HU||139 (76.8%)|
|Renter Occupied HU||29 (16.0%)|
|Vacant Housing Units||13 ( 7.2%)|
|Median Home Value||$126,724|
|Average Home Value||$151,978|
|Housing Affordability Index3||333|
|Average Household Size||2.73|
|Average Family Size||3|
GROWTH RATE / YEAR
|Median Household Income||2.06%|
|Per Capita Income||2.7%|
|Owner Occupied HU||-0.14%|
The table below compares Magnet Cove to the other 540 incorporated cities, towns and CDPs in Arkansas by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 310||43rd|
|Population Density||# 396||27th|
|Median Household Income||# 26||95th|
|Housing Affordability Index||# 457||85th|
|Per Capita Income||# 37||93rd|
|Diversity Index||# 486||10th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Arkansas Census Data Comparison Tool.