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EconPulse

Local economy signal dashboard

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PLACEThriving

Cerro Gordo, IL

Thriving 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 score76out of 100
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76
63
85
82
86

Population

1,349

Data freshness

Unknown

GDP / Output

+5.2% YoY

76

$719.1M

Output changed +5.2% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

63

4.2%

Unemployment is 4.2% for Latest available.

Vintage date unknown

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

Population

+5.8% 5-year

85

1,349

Population moved +5.8% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

82

13.0%

Median rent consumes 13.0% 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

$6.4K per resident

86

$107.0M

$107.0M 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

$107.0M

$6.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$92.8M
2. Department of Agriculture$14.5M
3. Department of Veterans Affairs$7.2M

Top recipients

Dollars
1. REDACTED DUE TO PII$13.0M
2. SCHABLE FAMILY FARMS$399.4K
3. FRONTIER FARMS$397.6K

Affordable

Housing Affordability

13.0%

of median income

1BR estimate$694
2BR estimate$914
Median income$77,857
Median home value$109,200

ACS context

Quick Facts

Population

1,349

Median age

35.9

Bachelor's degree+

19.1%

Poverty rate

11.0%

Labor force participation

65.7%

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

+1.1%

GDP CAGR

+7.0%

Federal flow

5 years

Population (5 years)
20201,275
20211,370
20221,411
20231,426
20241,349
GDP (5 years)
2020$512.3M
2021$592.3M
2022$670.1M
2023$683.3M
2024$719.1M

2-year linear forecast

Predictive Outlook

Population forecast

20241,349
20251,427 *
20261,448 *

R² = 29.3% · * projected

GDP forecast

2024$719.1M
2025$786.8M *
2026$837.3M *

R² = 92.5% · * 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$77,857/yr
Median rent$846/mo
Rent share of income13.0%
Est. mortgage (30yr, 6.5%)$6,626/yr
Mortgage share of income8.5%

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

employment snapshot

Job Market

Unemployment rate4.2%
State avg5.1%
U.S. avg5.2%
Labor force participation65.7%
Poverty rate11.0%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$109,200
Median monthly rent$846
Price-to-rent ratio10.8x

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

composite score

Investment Climate

Investment climateStrong
Composite score75/100
Economic growth76/100
Labor market63/100
Population momentum85/100
Overall stability76/100

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

Location Context

Cerro Gordo village, Illinois

City/Town

Part of

Champaign-Urbana, IL

Nearby locations

LaPlace, ILOreana, ILArgenta, ILLong Creek, ILCisco, IL