The size of Magitup is approximately 239 square kilometres. The population of Magitup in 2011 was 188 people. By 2016 the population was 14 showing a population decline of 92.6% in the area during that time. The predominant age group in Magitup is 50-59 years. Households in Magitup are primarily couples with children and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Magitup work in a managers occupation. In 2006, 17.9% of the homes in Magitup were owner-occupied compared with 65.8% in 2011..
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