GDP / Output
+3.9% YoY
66
$23.6B
Output changed +3.9% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
23
6.6%
Unemployment is 6.6% for Latest available.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
-1.6% 5-year
40
599
Population moved -1.6% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
85
10.5%
Median rent consumes 10.5% of median household income: Affordable.
Vintage date unknown
State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$25.9K per resident
100
$7.4B
$7.4B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$126.3B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$7.4B
$25.9K per resident in reported federal flow.
Top agencies
Dollars1. Department of Commerce$1.6B
2. Department of Education$1.5B
3. Social Security Administration$1.4B
Top recipients
Dollars1. MICHIGAN DEPARTMENT OF LABOR AND ECONOMIC OPPORTUNITY$1.7B
2. MICHIGAN DEPARTMENT OF EDUCATION$1.2B
3. STATE OF MICHIGAN$537.6M
Affordable
Housing Affordability
10.5%
of median income
1BR estimate$854
2BR estimate$1,125
Median income$119,107
Median home value$206,000
ACS context
Quick Facts
Population
599
Median age
35.5
Bachelor's degree+
19.7%
Poverty rate
7.0%
Labor force participation
76.9%
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
-0.3%
GDP CAGR
+5.1%
Federal flow
5 years
Population (5 years)
2020609
2021549
2022530
2023597
2024599
GDP (5 years)
2020$18.4B
2021$19.3B
2022$21.2B
2023$22.7B
2024$23.6B
2-year linear forecast
Predictive Outlook
Population forecast
2024599
2025585 *
2026588 *
R² = 1.6% · * projected
GDP forecast
2024$23.6B
2025$25.2B *
2026$26.5B *
R² = 98.6% · * 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$119,107/yr
Median rent$1,042/mo
Rent share of income10.5%
Est. mortgage (30yr, 6.5%)$12,500/yr
Mortgage share of income10.5%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate6.6%
State avg5.0%
U.S. avg4.3%
Labor force participation76.9%
Poverty rate7.0%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$206,000
Median monthly rent$1,042
Price-to-rent ratio16.5x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score48/100
Economic growth66/100
Labor market23/100
Population momentum40/100
Overall stability57/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.