GDP / Output
+5.4% YoY
77
$5.3B
Output changed +5.4% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
36
6.0%
Unemployment is 6.0% for Latest available.
Vintage date unknown
State avg3.2%
U.S. avg5.2%
Population
+5.5% 5-year
83
22,813
Population moved +5.5% over the latest ACS window.
Vintage date unknown
State population5,086,768
U.S. population334,922,499
Housing
Rent share of income
74
18.7%
Median rent consumes 18.7% of median household income: Affordable.
Vintage date unknown
State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$6.5K per resident
87
$638.7M
$638.7M in federal obligations flowed here in FY2025.
Vintage date unknown
State total$71.6B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$638.7M
$6.5K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$515.9M
2. Department of Veterans Affairs$77.1M
3. Department of Housing and Urban Development$16.1M
Top recipients
Dollars1. ALABAMA DEPARTMENT OF TRANSPORTATION$11.2M
2. SNEAD STATE COMMUNITY COLLEGE$6.6M
3. HOUSING AUTHORITY OF CITY OF BOAZ$5.1M
Affordable
Housing Affordability
18.7%
of median income
1BR estimate$715
2BR estimate$942
Median income$56,099
Median home value$188,400
ACS context
Quick Facts
Population
22,813
Median age
34.7
Bachelor's degree+
21.1%
Poverty rate
18.2%
Labor force participation
59.7%
Prime rate
6.8%
CPI YoY
+3.2%
U.S. GDP YoY
+6.5%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-07-30
HUD Fair Market Rent
Latest available
Data notes
- HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
5-year compound growth
Historical Trends
Population CAGR
+1.1%
GDP CAGR
+6.9%
Federal flow
5 years
Population (5 years)
202021,620
202122,268
202222,433
202322,584
202422,813
GDP (5 years)
2020$3.8B
2021$4.2B
2022$4.7B
2023$5.0B
2024$5.3B
2-year linear forecast
Predictive Outlook
Population forecast
202422,813
202523,154 *
202623,424 *
R² = 89.5% · * projected
GDP forecast
2024$5.3B
2025$5.7B *
2026$6.1B *
R² = 98.6% · * projected
Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.
housing affordability breakdown
Cost of Living
Median household income$56,099/yr
Median rent$872/mo
Rent share of income18.7%
Est. mortgage (30yr, 6.5%)$11,432/yr
Mortgage share of income20.4%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate6.0%
State avg3.2%
U.S. avg5.2%
Labor force participation59.7%
Poverty rate18.2%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$188,400
Median monthly rent$872
Price-to-rent ratio18.0x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score65/100
Economic growth77/100
Labor market36/100
Population momentum83/100
Overall stability66/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.