Income & Economy in Magnet Cove, AR
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
N/A
Per Capita Income
$23,521
-37% vs national
Poverty Rate
46.9%
+245% vs national
Gini Index
0.5656
0 = perfect equality
Unemployment
15.4%
+197% vs national
SNAP Recipients
2.4%
of households
How Magnet Cove Compares
Source: Census ACS (2023)Where Do You Stack Up?
Enter your household income to see how you compare to other households in Magnet Cove.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
15.4%
+153% vs AR avg
Labor Force
441
Employed
373
How People Get to Work
Source: Census ACS (2023)Employment by Sector
Source: Census ACS (2023)Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
5.8%
of adults 25+
High School Diploma+
33.5%
of adults 25+
Median Age
31.2
Work from Home
12.3%
of workers
The median household income in Magnet Cove, AR is N/A. Per capita income is $23,521. The poverty rate of 46.9% is higher than the AR state average of 19.2%. The Gini index of income inequality is 0.5656, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 15.4%, compared to the state average of 6.1%. 5.8% of adults hold a bachelor's degree or higher.