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EconPulse

Local economy signal dashboard

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PLACEStable

Charleston, IL

Stable overall. Federal Funds 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 score53out of 100
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77
35
0
72
87

Population

17,062

Data freshness

Unknown

GDP / Output

+5.5% YoY

77

$3.5B

Output changed +5.5% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

35

6.1%

Unemployment is 6.1% for Latest available.

Vintage date unknown

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

Population

-15.3% 5-year

0

17,062

Population moved -15.3% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

72

19.9%

Median rent consumes 19.9% 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

$6.5K per resident

87

$306.3M

$306.3M 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

$306.3M

$6.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$223.5M
2. Department of Veterans Affairs$27.7M
3. Department of Education$22.0M

Top recipients

Dollars
1. EASTERN ILLINOIS UNIVERSITY$14.6M
2. ILLINOIS DEPARTMENT OF TRANSPORTATION$13.7M
3. REDACTED DUE TO PII$9.3M

Affordable

Housing Affordability

19.9%

of median income

1BR estimate$670
2BR estimate$882
Median income$49,300
Median home value$137,400

ACS context

Quick Facts

Population

17,062

Median age

29.6

Bachelor's degree+

33.3%

Poverty rate

26.3%

Labor force participation

63.2%

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

-3.3%

GDP CAGR

+6.8%

Federal flow

5 years

Population (5 years)
202020,141
202118,130
202217,795
202317,212
202417,062
GDP (5 years)
2020$2.5B
2021$3.0B
2022$3.1B
2023$3.3B
2024$3.5B

2-year linear forecast

Predictive Outlook

Population forecast

202417,062
202515,945 *
202615,238 *

R² = 81.8% · * projected

GDP forecast

2024$3.5B
2025$3.8B *
2026$4.0B *

R² = 96.1% · * 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$49,300/yr
Median rent$817/mo
Rent share of income19.9%
Est. mortgage (30yr, 6.5%)$8,337/yr
Mortgage share of income16.9%

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

employment snapshot

Job Market

Unemployment rate6.1%
State avg5.1%
U.S. avg5.2%
Labor force participation63.2%
Poverty rate26.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$137,400
Median monthly rent$817
Price-to-rent ratio14.0x

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

composite score

Investment Climate

Investment climateModerate
Composite score45/100
Economic growth77/100
Labor market35/100
Population momentum0/100
Overall stability53/100

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

Location Context

Charleston city, Illinois

City/Town

Part of

Charleston-Mattoon, IL

Nearby locations

Lerna, ILJanesville, ILAshmore, ILWestfield, ILMattoon, IL