GDP / Output
+5.5% YoY
78
$393.4M
Output changed +5.5% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
23
6.6%
Unemployment is 6.6% for Latest available.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
-4.6% 5-year
22
1,248
Population moved -4.6% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
72
20.0%
Median rent consumes 20.0% 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
$8.7K per resident
100
$74.3M
$74.3M in federal obligations flowed here in FY2025.
Vintage date unknown
State total$242.1B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$74.3M
$8.7K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$47.5M
2. Department of Veterans Affairs$6.7M
3. Department of Transportation$6.7M
Top recipients
Dollars1. REDACTED DUE TO PII$5.8M
2. RED LAKE BAND OF CHIPPEWA INDIANS$4.4M
3. MINNESOTA DEPARTMENT OF TRANSPORTATION$3.5M
Affordable
Housing Affordability
20.0%
of median income
1BR estimate$615
2BR estimate$810
Median income$44,896
Median home value$138,600
ACS context
Quick Facts
Population
1,248
Median age
45.4
Bachelor's degree+
17.5%
Poverty rate
17.7%
Labor force participation
52.5%
Prime rate
6.8%
CPI YoY
+3.9%
U.S. GDP YoY
+5.9%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-10
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
-0.9%
GDP CAGR
+6.9%
Federal flow
5 years
Population (5 years)
20201,308
20211,175
20221,194
20231,218
20241,248
GDP (5 years)
2020$282.3M
2021$351.6M
2022$348.1M
2023$372.7M
2024$393.4M
2-year linear forecast
Predictive Outlook
Population forecast
20241,248
20251,206 *
20261,198 *
R² = 5.5% · * projected
GDP forecast
2024$393.4M
2025$422.7M *
2026$447.0M *
R² = 84.7% · * 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$44,896/yr
Median rent$750/mo
Rent share of income20.0%
Est. mortgage (30yr, 6.5%)$8,410/yr
Mortgage share of income18.7%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate6.6%
State avg4.5%
U.S. avg4.3%
Labor force participation52.5%
Poverty rate17.7%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$138,600
Median monthly rent$750
Price-to-rent ratio15.4x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score47/100
Economic growth78/100
Labor market23/100
Population momentum22/100
Overall stability54/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.