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EconPulse

Local economy signal dashboard

Saved
PLACEStable

Bone Gap, IL

Stable overall. Population 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 score48out of 100
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10
0
100
84
95

Population

220

Data freshness

Unknown

GDP / Output

-4.2% YoY

10

$320.6M

Output changed -4.2% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

0

19.8%

Unemployment is 19.8% for Latest available.

Vintage date unknown

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

Population

+45.7% 5-year

100

220

Population moved +45.7% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

84

11.3%

Median rent consumes 11.3% 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

$7.5K per resident

95

$46.6M

$46.6M 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

$46.6M

$7.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$36.2M
2. Department of Agriculture$4.8M
3. Department of Veterans Affairs$2.7M

Top recipients

Dollars
1. REDACTED DUE TO PII$4.6M
2. ILLINOIS DEPARTMENT OF TRANSPORTATION$2.1M
3. EDWARDS COUNTY HOUSING AUTHORITY$274.2K

Affordable

Housing Affordability

11.3%

of median income

1BR estimate$394
2BR estimate$518
Median income$51,042
Median home value$80,000

ACS context

Quick Facts

Population

220

Median age

30.6

Bachelor's degree+

9.6%

Poverty rate

19.1%

Labor force participation

55.2%

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

+7.8%

GDP CAGR

+2.8%

Federal flow

5 years

Population (5 years)
2020151
2021164
2022198
2023187
2024220
GDP (5 years)
2020$279.4M
2021$271.1M
2022$312.1M
2023$334.6M
2024$320.6M

2-year linear forecast

Predictive Outlook

Population forecast

2024220
2025232 *
2026248 *

R² = 86.7% · * projected

GDP forecast

2024$320.6M
2025$347.3M *
2026$361.9M *

R² = 71.8% · * 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$51,042/yr
Median rent$480/mo
Rent share of income11.3%
Est. mortgage (30yr, 6.5%)$4,854/yr
Mortgage share of income9.5%

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

employment snapshot

Job Market

Unemployment rate19.8%
State avg5.1%
U.S. avg5.2%
Labor force participation55.2%
Poverty rate19.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$80,000
Median monthly rent$480
Price-to-rent ratio13.9x

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

composite score

Investment Climate

Investment climateModerate
Composite score35/100
Economic growth10/100
Labor market0/100
Population momentum100/100
Overall stability48/100

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

Location Context

Bone Gap village, Illinois

City/Town

Part of

Illinois

Nearby locations

Browns, ILWest Salem, ILAlbion, ILBellmont, ILKeensburg, IL