GDP / Output
+5.0% YoY
74
$51.9B
Output changed +5.0% in 2024.
Vintage date unknown
State growth4.8%
U.S. growth5.3%
Jobs
Unemployment rate
59
4.2%
Unemployment is 4.2% for April 2026.
Vintage date unknown
State avg4.8%
U.S. avg4.3%
Population
-3.5% 5-year
29
1,937
Population moved -3.5% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
48
37.1%
Median rent consumes 37.1% of median household income: Strained.
Vintage date unknown
State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$5.0K per resident
75
$2.9B
$2.9B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$96.5B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$2.9B
$5.0K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$2.3B
2. Department of Defense$132.8M
3. Department of Veterans Affairs$121.0M
Top recipients
Dollars1. FRANK M. GARGIULO & SON, INC.$76.4M
2. KEAN UNIVERSITY$45.7M
3. NOKIA OF AMERICA CORPORATION$45.0M
Strained
Housing Affordability
37.1%
of median income
1BR estimate$2,016
2BR estimate$2,655
Median income$79,508
Median home value$646,500
ACS context
Quick Facts
Population
1,937
Median age
45.5
Bachelor's degree+
63.1%
Poverty rate
2.2%
Labor force participation
66.1%
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
April 2026
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
-0.7%
GDP CAGR
+6.0%
Federal flow
5 years
Population (5 years)
20202,008
20211,844
20221,728
20231,783
20241,937
GDP (5 years)
2020$38.8B
2021$41.4B
2022$46.2B
2023$49.5B
2024$51.9B
2-year linear forecast
Predictive Outlook
Population forecast
20241,937
20251,799 *
20261,779 *
R² = 8.0% · * projected
GDP forecast
2024$51.9B
2025$55.8B *
2026$59.3B *
R² = 98.8% · * 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$79,508/yr
Median rent$2,458/mo
Rent share of income37.1%
Est. mortgage (30yr, 6.5%)$39,229/yr
Mortgage share of income49.3%
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 avg4.8%
U.S. avg4.3%
Labor force participation66.1%
Poverty rate2.2%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$646,500
Median monthly rent$2,458
Price-to-rent ratio21.9x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateModerate
Composite score57/100
Economic growth74/100
Labor market59/100
Population momentum29/100
Overall stability56/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.