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EconPulse

Local economy signal dashboard

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PLACEStable

Arcola, IL

Stable overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score64out of 100
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56
45
61
85
91

Population

2,892

Data freshness

Unknown

GDP / Output

+2.4% YoY

56

$1.4B

Output changed +2.4% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

45

5.4%

Unemployment is 5.4% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

+1.8% 5-year

61

2,892

Population moved +1.8% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

85

10.7%

Median rent consumes 10.7% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.0K per resident

91

$137.8M

$137.8M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$137.8M

$7.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$95.5M
2. Department of Transportation$21.5M
3. Department of Veterans Affairs$9.3M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$21.5M
2. REDACTED DUE TO PII$7.9M
3. COUNTRY PLACE APARTMENTS VILLA GROVE$146.9K

Affordable

Housing Affordability

10.7%

of median income

1BR estimate$658
2BR estimate$867
Median income$89,827
Median home value$124,100

ACS context

Quick Facts

Population

2,892

Median age

36.4

Bachelor's degree+

20.9%

Poverty rate

9.6%

Labor force participation

67.4%

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

+0.4%

GDP CAGR

+7.0%

Federal flow

5 years

Population (5 years)
20202,840
20212,774
20222,726
20232,867
20242,892
GDP (5 years)
2020$1.0B
2021$1.2B
2022$1.5B
2023$1.4B
2024$1.4B

2-year linear forecast

Predictive Outlook

Population forecast

20242,892
20252,879 *
20262,899 *

R² = 20.7% · * projected

GDP forecast

2024$1.4B
2025$1.6B *
2026$1.7B *

R² = 72.3% · * 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$89,827/yr
Median rent$803/mo
Rent share of income10.7%
Est. mortgage (30yr, 6.5%)$7,530/yr
Mortgage share of income8.4%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate5.4%
State avg5.1%
U.S. avg5.2%
Labor force participation67.4%
Poverty rate9.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$124,100
Median monthly rent$803
Price-to-rent ratio12.9x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score56/100
Economic growth56/100
Labor market45/100
Population momentum61/100
Overall stability64/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Arcola city, Illinois

City/Town

Part of

Illinois

Nearby locations

Humboldt, ILTuscola, ILHindsboro, ILArthur, ILGarrett, IL