Magoffin County, Kentucky: commercial real estate data.
Magoffin County, Kentucky had an estimated 11,118 residents on July 1, 2024, down 4.5 percent since the 2020 census base of 11,639, across 308 square miles. County output reached $212.5 m in 2024, 156 establishments operate here, and the SBA record carries 3 7(a) approvals worth $510,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Magoffin County
How many people live in Magoffin County
- Population, American Community Survey 2020-202411,348
- Households4,734
- Average household size2.40
- Median household income$33,080
- Median age42.6
- Median gross rent$730 per month
- Median owner-occupied home value$89,000
- Home value to household income2.7 times
- Annual rent as a share of median income26.5 percent
- Adults 25 and over with a bachelor degree or higher12.8 percent
- Adults 25 and over with a graduate degree7.9 percent
- Adults 25 and over8,014
- Population under 182,545
- Share under 1822.4 percent
- Population 65 and over2,157
- Share 65 and over19.0 percent
- Working age population, 18 to 646,646
- Civilian labor force3,359
- Unemployment rate9.0 percent
- Labor force participation, adults 18 and over38.2 percent
- Rank by population among Kentucky counties93rd of 120
- Rank by population among US county-equivalents, Puerto Rico included2396th of 3,222
Magoffin County is the 93rd largest of 120 Kentucky counties by population. A median home costs 2.7 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 22.4 percent against 19.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Magoffin County
Is Magoffin County's population growing?
- Population, July 1, 202411,118
- Census 2020 base population11,639
- Population change since the 2020 census base-4.48 percent
- Population change, 2023 to 2024-84
- Births, 2024131
- Deaths, 2024201
- Natural change, 2024-70
- Net domestic migration, 2024-11
- Net international migration, 2024-4
- Total net migration, 2024-15
- Cumulative net domestic migration, 2021 to 2024-185
- Rank by growth among US county-equivalents2943rd of 3,144
The county has lost 4.48 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Magoffin County
Where are people moving to Magoffin County from?
- Tax returns filed by households arriving87
- People arriving, from those returns190
- Tax returns filed by households leaving116
- Net household movement-29
- Adjusted gross income arriving$3.2 m
- Net adjusted gross income movement$-1.5 m
- Average income of an arriving household$36,805
- Average income of a leaving household$40,483
- Largest single originJohnson County (21 households)
- Largest single destinationJohnson County (30 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Johnson County | 21 | 51 | $574,000 |
Households arriving report $3,678 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Johnson County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Magoffin County
What is the Magoffin County economy?
- County GDP, 2024$212.5 m
- County GDP, 2023$199.7 m
- GDP change, 2023 to 20246.4 percent
- GDP change over five years34.2 percent
- Rank by GDP among the Kentucky areas BEA publishes111th of 120
- Rank by GDP among the US county areas BEA publishes2886th of 3,127
- GDP per resident$18,725
Output grew 6.4 percent in the latest year and 34.2 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Magoffin County
Employment by industry in Magoffin County
- Covered employment, annual average1,936
- Establishments reporting281
- Average annual pay$39,288
- Average weekly wage$756
- Health care and social assistance, employment408
- Health care and social assistance, average annual pay$46,011
- Retail trade, employment236
- Retail trade, average annual pay$29,403
- Accommodation and food services, employment220
- Accommodation and food services, average annual pay$17,206
- Professional, scientific and technical services, employment94
- Professional, scientific and technical services, average annual pay$50,383
- Transportation and warehousing, employment74
- Wholesale trade, employment15
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 408 | 86 | $46,011 |
| Retail trade | 236 | 37 | $29,403 |
| Accommodation and food services | 220 | 14 | $17,206 |
| Professional, scientific and technical services | 94 | 24 | $50,383 |
| Transportation and warehousing | 74 | 25 | $27,983 |
| Wholesale trade | 15 | 7 | $47,017 |
Health care and social assistance is the largest private sector at 408 jobs, 21.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Magoffin County
How many businesses are in Magoffin County?
- Establishments, all industries156
- Employment at those establishments1,257
- Annual payroll$46.1 m
- Establishments per 1,000 residents13.7
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Magoffin County
SBA loans in Magoffin County (7(a) and 504)
- 7(a) approvals recorded3
- 7(a) gross approval dollars$510,000
- Average 7(a) approval$170,000
- Median 7(a) approval$30,000
- Largest single approval$450,000
- Jobs reported supported, 7(a)9
- Jobs per approval3.0
- Distinct 7(a) lenders active2
- Distinct industries receiving approvals3
- Median 7(a) term60 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter3
- Franchise loans0
- Franchise share of approvals0.0 percent
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Magoffin County
SBA loan default and charge-off rates in Magoffin County
Do SBA loans in Magoffin County get paid back?
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Cancelled1
- Status: Paid in full1
- Status: Exempt from disclosure1
Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Magoffin County
How large is Magoffin County?
- Land area308 sq mi
- Rank by land area among Kentucky counties59th of 120
- Width, east to west21.4 mi
- Height, north to south26.1 mi
- Geographies sharing a boundary6
- Residents per square mile of land37
- Establishments per square mile0.51
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Magoffin County
Flood risk in Magoffin County
- Participation of the county's own NFIP community Magoffin County, unincorporated areasParticipating, community 210158
- Communities in the county in the NFIP Community Status Book2
- Of those, participating in the NFIP2
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Magoffin County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Magoffin County (community 210158), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Magoffin County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Magoffin County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Magoffin County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202411,348
- Households4,734
- Average household size2.40
- Median household income$33,080
- Median age42.6
Common questions
Magoffin County questions, answered from the record.
How many people live in Magoffin County, Kentucky?
The Census Bureau estimates 11,118 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 11,348, in 4,734 households, ranking 93rd of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Magoffin County's population growing?
The population has fallen 4.48 percent since the 2020 census base of 11,639, to 11,118 on July 1, 2024. In 2024 there were 131 births against 201 deaths, with net migration of -15. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Magoffin County?
$33,080. The median owner-occupied home is valued at $89,000, which is 2.7 times income, and median gross rent is $730 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Magoffin County?
156 establishments, employing 1,257 people with an annual payroll of $46.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Magoffin County?
Health care and social assistance is the largest private sector at 408 jobs, 21.1 percent of covered employment. Covered employment averages 1,936 jobs at an average annual pay of $39,288, or $756 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Magoffin County?
3 7(a) approvals totaling $510,000 since FY2020, across 2 lenders, with a median approval of $30,000. These are approvals recorded in the release, not loans disbursed.
What is the radon zone for Magoffin County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Magoffin County come from?
The largest single origin is Johnson County, with 21 households. Arriving households report an average income of $36,805 against $40,483 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Magoffin County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Magoffin County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Magoffin County
Cities and places in Magoffin.
1 Census place lies wholly or partly in Magoffin County. It carries enough published place level data for a page of its own and is linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Salyersville | city | 1,708 | 3 | Wholly in this county |
Nearby