Magnet is a village in Cedar County, Nebraska, United States.

[3] According to the United States Census Bureau, the village has a total area of 0.15 square miles (0.39 km2), all land.

34.5% of all households were made up of individuals, and 17.2% had someone living alone who was 65 years of age or older.

The racial makeup of the village was 94.94% White, 3.80% Native American, and 1.27% from two or more races.

There were no families and 1.3% of the population living below the poverty line, including no under eighteens and 10.0% of those over 64.

Magnet was platted in 1893 when the Chicago, St. Paul, Minneapolis and Omaha Railway was extended to that point.

The devastating tornado ripped through the town, destroying 2 homes and heavily damaging many more.

A Carhart Lumber truck from Randolph came into town, bringing a load of plywood sheets.

Workers from the power company labored throughout the night to restore electrical service to the main part of town.

The Chicago, St. Paul, Minneapolis, and Omaha Railroad went from Randolph to Magnet, then on to Bloomfield.

Travelers who came to Magnet in 1894 had only a platform and an old box car to unload on when they arrived.