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EconPulse

Local economy signal dashboard

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PLACEThriving

Carlock, 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 score71out of 100
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79
95
0
74
80

Population

500

Data freshness

Unknown

GDP / Output

+5.7% YoY

79

$16.9B

Output changed +5.7% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

95

2.1%

Unemployment is 2.1% for Latest available.

Vintage date unknown

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

Population

-19.7% 5-year

0

500

Population moved -19.7% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

74

18.9%

Median rent consumes 18.9% 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

$5.7K per resident

80

$971.8M

$971.8M 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

$971.8M

$5.7K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$715.5M
2. Department of Transportation$61.0M
3. Department of Veterans Affairs$60.7M

Top recipients

Dollars
1. BOARD OF TRUSTEES OF ILLINOIS STATE UNIVERSITY$51.6M
2. ILLINOIS DEPARTMENT OF TRANSPORTATION$47.9M
3. REDACTED DUE TO PII$29.6M

Affordable

Housing Affordability

18.9%

of median income

1BR estimate$1,105
2BR estimate$1,456
Median income$85,625
Median home value$154,600

ACS context

Quick Facts

Population

500

Median age

37.6

Bachelor's degree+

18.5%

Poverty rate

2.9%

Labor force participation

78.2%

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

-4.3%

GDP CAGR

+5.0%

Federal flow

5 years

Population (5 years)
2020623
2021701
2022585
2023560
2024500
GDP (5 years)
2020$13.3B
2021$13.5B
2022$15.1B
2023$16.0B
2024$16.9B

2-year linear forecast

Predictive Outlook

Population forecast

2024500
2025478 *
2026439 *

R² = 67.0% · * projected

GDP forecast

2024$16.9B
2025$17.9B *
2026$18.9B *

R² = 96.7% · * 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$85,625/yr
Median rent$1,348/mo
Rent share of income18.9%
Est. mortgage (30yr, 6.5%)$9,381/yr
Mortgage share of income11.0%

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

employment snapshot

Job Market

Unemployment rate2.1%
State avg5.1%
U.S. avg5.2%
Labor force participation78.2%
Poverty rate2.9%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$154,600
Median monthly rent$1,348
Price-to-rent ratio9.6x

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

composite score

Investment Climate

Investment climateModerate
Composite score65/100
Economic growth79/100
Labor market95/100
Population momentum0/100
Overall stability71/100

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

Location Context

Carlock village, Illinois

City/Town

Part of

Bloomington, IL

Nearby locations

Danvers, ILCongerville, ILTwin Grove, ILHudson, ILGoodfield, IL