Living in Magnet, Nebraska
Cost of living, income, home prices, rent and demographics of Magnet · Census data 2020–2024
Magnet has 61 residents with a median age of 47.5. The median household income is $59,063 (23% lower than the Nebraska median), the median home value is $33,800.
Magnet is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Magnet at a glance
- Population
- 61
- Median age
- 47.5State: 37.2
- Median household income
- $59,063State: $76,475
- Median home value
- $33,800State: $238,600
- Homeowners
- 81.5%
- Bachelor's degree or higher
- 9.1%
- Average commute
- 37 min
Is Magnet a good place to live?
Pros: Home values 86% lower than the state median.
Cons: Median household income 23% lower than the Nebraska median; an average commute of 37 minutes; a poverty rate of 14.8%.
The weather is best in June to September.
Cost of living in Magnet
Housing is the biggest part of the cost of living. In Magnet the median home value is $33,800, 90% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Magnet median household income
The median household income in Magnet is $59,063 and the income per person is $27,536. 14.8% of residents live below the poverty line (Nebraska: 10.6%).
Housing in Magnet: homes for sale and rent
- Housing units
- 34
- Owner-occupied
- 81.5%
- Renter-occupied
- 18.5%
- Vacant
- 20.6%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.26
Magnet demographics
- Population
- 61
- Median age
- 47.5
- Under 18
- 24.6%
- 65 and older
- 39.3%
- Households
- 27
- Foreign-born
- 4.9%
- Veterans
- 10.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Magnet ›
Education in Magnet
9.1% of adults 25 and older in Magnet have a bachelor's degree or higher (Nebraska: 34.6%), and 0% have a graduate or professional degree.
Jobs and commute in Magnet
- Unemployment rate
- 0%State: 3%
- Average commute
- 37 minState: 19 min
- Work from home
- 29.2%
- Drive alone
- 54.2%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 70.4%
Magnet vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Magnet | 61 | $59,063 | $33,800 | — |
| Wausa | 698 | $59,375 | $85,900 | $763 |
| Randolph | 877 | $84,531 | $119,000 | $665 |
| Osmond | 647 | $66,250 | $132,400 | $688 |
| Bloomfield | 959 | $50,083 | $92,800 | $725 |
| Belden | 101 | $70,625 | $107,500 | — |
| Coleridge | 553 | $46,818 | $87,100 | — |
| Hartington | 1,621 | $80,577 | $178,100 | $640 |
| Fordyce | 195 | $83,125 | $106,700 | — |
More for people moving to Magnet
Magnet ZIP code ›Weather and climate ›Living in Magnet: FAQ
What is the median household income in Magnet, NE?
The median household income in Magnet is $59,063, 23% lower than the Nebraska median of $76,475 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Magnet?
The median home value in Magnet is $33,800, compared with $238,600 in Nebraska.
Is Magnet, NE a good place to live?
Pluses: home values 86% lower than the state median. Minuses: median household income 23% lower than the Nebraska median; an average commute of 37 minutes; a poverty rate of 14.8%.
What is the median age in Magnet?
The median age in Magnet is 47.5 years (Nebraska: 37.2).
How long is the commute in Magnet?
The average commute to work in Magnet is 37 minutes; 29.2% of workers work from home.
What is the unemployment rate in Magnet?
The unemployment rate in Magnet is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Magnet?
9.1% of adults in Magnet have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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