GDP / Output
+1.7% YoY
51
$1.7B
Output changed +1.7% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
59
4.2%
Unemployment is 4.2% for Latest available.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
-0.6% 5-year
46
636
Population moved -0.6% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
81
13.7%
Median rent consumes 13.7% 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
$8.7K per resident
100
$268.9M
$268.9M in federal obligations flowed here in FY2025.
Vintage date unknown
State total$242.1B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$268.9M
$8.7K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$193.9M
2. Department of Agriculture$34.0M
3. Department of Veterans Affairs$18.0M
Top recipients
Dollars1. REDACTED DUE TO PII$32.7M
2. MINNESOTA DEPARTMENT OF TRANSPORTATION$16.6M
3. ALBERT LEA HOUSING AUTHORITY$1.8M
Affordable
Housing Affordability
13.7%
of median income
1BR estimate$693
2BR estimate$913
Median income$73,750
Median home value$123,400
ACS context
Quick Facts
Population
636
Median age
35.6
Bachelor's degree+
17.1%
Poverty rate
13.5%
Labor force participation
75.5%
Prime rate
6.8%
CPI YoY
+3.9%
U.S. GDP YoY
+5.9%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-10
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
-0.1%
GDP CAGR
+6.0%
Federal flow
5 years
Population (5 years)
2020640
2021606
2022738
2023683
2024636
GDP (5 years)
2020$1.3B
2021$1.5B
2022$1.7B
2023$1.7B
2024$1.7B
2-year linear forecast
Predictive Outlook
Population forecast
2024636
2025681 *
2026688 *
R² = 4.5% · * projected
GDP forecast
2024$1.7B
2025$1.9B *
2026$2.0B *
R² = 88.5% · * 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$73,750/yr
Median rent$845/mo
Rent share of income13.7%
Est. mortgage (30yr, 6.5%)$7,488/yr
Mortgage share of income10.2%
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 avg4.5%
U.S. avg4.3%
Labor force participation75.5%
Poverty rate13.5%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$123,400
Median monthly rent$845
Price-to-rent ratio12.2x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score56/100
Economic growth51/100
Labor market59/100
Population momentum46/100
Overall stability65/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.