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EconPulse

Local economy signal dashboard

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PLACEThriving

Bay View Gardens, IL

Thriving overall. Jobs is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score73out of 100
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78
100
0
75
84

Population

281

Data freshness

Unknown

GDP / Output

+5.5% YoY

78

$1.8B

Output changed +5.5% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

100

1.6%

Unemployment is 1.6% for Latest available.

Vintage date unknown

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

Population

-42.3% 5-year

0

281

Population moved -42.3% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

75

17.9%

Median rent consumes 17.9% 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

$6.1K per resident

84

$235.3M

$235.3M 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

$235.3M

$6.1K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$212.3M
2. Department of Veterans Affairs$16.7M
3. Department of Agriculture$13.9M

Top recipients

Dollars
1. REDACTED DUE TO PII$12.4M
2. EUREKA COLLEGE$2.5M
3. TANNER FARMS ORGANICS LLC$201.7K

Affordable

Housing Affordability

17.9%

of median income

1BR estimate$645
2BR estimate$850
Median income$52,679
Median home value$122,800

ACS context

Quick Facts

Population

281

Median age

47.2

Bachelor's degree+

8.8%

Poverty rate

18.9%

Labor force participation

50.6%

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

-10.4%

GDP CAGR

+7.4%

Federal flow

5 years

Population (5 years)
2020487
2021383
2022342
2023287
2024281
GDP (5 years)
2020$1.2B
2021$1.4B
2022$1.6B
2023$1.7B
2024$1.8B

2-year linear forecast

Predictive Outlook

Population forecast

2024281
2025204 *
2026153 *

R² = 90.6% · * projected

GDP forecast

2024$1.8B
2025$2.0B *
2026$2.1B *

R² = 96.3% · * 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$52,679/yr
Median rent$787/mo
Rent share of income17.9%
Est. mortgage (30yr, 6.5%)$7,451/yr
Mortgage share of income14.1%

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

employment snapshot

Job Market

Unemployment rate1.6%
State avg5.1%
U.S. avg5.2%
Labor force participation50.6%
Poverty rate18.9%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$122,800
Median monthly rent$787
Price-to-rent ratio13.0x

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

composite score

Investment Climate

Investment climateModerate
Composite score67/100
Economic growth78/100
Labor market100/100
Population momentum0/100
Overall stability73/100

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

Location Context

Bay View Gardens village, Illinois

City/Town

Part of

Peoria, IL

Nearby locations

Spring Bay, ILMossville, ILGermantown Hills, ILPeoria Heights, ILRome, IL