Magnet, NE
Population 63 · Nebraska
About Magnet, NE
Magnet is a small community located in Nebraska with a population of 63 residents according to the latest US Census Bureau American Community Survey data. The median household income is $57,250 per year, which is 24% below the national median of $75,149. The median age of 41.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Magnet features a median home value of $42,500, which is 83% below the national median of $244,900. This makes Magnet one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 34 total housing units, 78% are owner-occupied (21 units) and 22% are renter-occupied (6 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Magnet shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 19.0%, above the national average of 12.4%. Workers in Magnet have an average one-way commute time of 31.4 minutes.
Education & Demographics
6.7% of Magnet residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 22.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.8% of the population being foreign-born.
How Magnet Ranks in Nebraska
Cost of Living in Magnet, NE
Compared to national averages, Magnet has a median household income of $57,250 (24% below the national median of $75,149). Home values average $42,500, which is 83% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Nebraska, Magnet's income is 13% below the state average of $65,895, and home values are 66% below the state median of $125,824.
Why Live in Magnet, NE?
Magnet offers affordable housing with a median home value of $42,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($57,250) that falls below the national average. However, Magnet’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Magnet has a population of 63 with a median age of 41.5 years. Compare Magnet with other cities to see how it stacks up, or explore all cities in Nebraska.
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Demographics
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Economy & Education
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Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Magnet
What is the population of Magnet, NE?
The population of Magnet, NE is 63 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Magnet?
The median household income in Magnet, NE is $57,250 per year, which is 24% below the national median of $75,149.
What is the median home value in Magnet?
The median home value in Magnet, NE is $42,500, which is 83% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Magnet?
The median monthly rent in Magnet, NE is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Magnet?
The unemployment rate in Magnet, NE is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Magnet, NE a good place to live?
Magnet offers a moderate cost of living, affordable housing, and a strong job market. With a population of 63 and a median age of 41.5, the city appeals to a broad range of residents.
How educated is Magnet, NE?
6.7% of residents in Magnet aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Magnet?
Key cost-of-living indicators for Magnet, NE: median home value is $42,500 (83% below national), median rent is $0/month, and median household income is $57,250. The home-value-to-income ratio is 0.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Magnet?
The poverty rate in Magnet, NE is 19.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Magnet, NE?
Magnet's population is 0.0% White, 22.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.8% of residents are foreign-born.