GDP / Output
-7.5% YoY
0
$2.6B
Output changed -7.5% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
68
3.6%
Unemployment is 3.6% for Latest available.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
+4.7% 5-year
78
889
Population moved +4.7% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
65
25.2%
Median rent consumes 25.2% 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
$9.3K per resident
100
$419.9M
$419.9M 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
$419.9M
$9.3K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$325.7M
2. Department of Veterans Affairs$44.2M
3. Department of Health and Human Services$12.7M
Top recipients
Dollars1. LEECH LAKE BAND OF OJIBWE$11.8M
2. MINNESOTA DEPARTMENT OF TRANSPORTATION$7.4M
3. ITASCA COUNTY HRA$3.0M
Affordable
Housing Affordability
25.2%
of median income
1BR estimate$669
2BR estimate$881
Median income$38,824
Median home value$111,200
ACS context
Quick Facts
Population
889
Median age
40.3
Bachelor's degree+
11.8%
Poverty rate
30.7%
Labor force participation
51.7%
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
+0.9%
GDP CAGR
+4.4%
Federal flow
5 years
Population (5 years)
2020849
2021946
2022908
2023887
2024889
GDP (5 years)
2020$2.1B
2021$2.4B
2022$2.6B
2023$2.8B
2024$2.6B
2-year linear forecast
Predictive Outlook
Population forecast
2024889
2025902 *
2026904 *
R² = 0.9% · * projected
GDP forecast
2024$2.6B
2025$2.9B *
2026$3.0B *
R² = 66.9% · * 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$38,824/yr
Median rent$816/mo
Rent share of income25.2%
Est. mortgage (30yr, 6.5%)$6,747/yr
Mortgage share of income17.4%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate3.6%
State avg4.5%
U.S. avg4.3%
Labor force participation51.7%
Poverty rate30.7%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$111,200
Median monthly rent$816
Price-to-rent ratio11.4x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score47/100
Economic growth0/100
Labor market68/100
Population momentum78/100
Overall stability58/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.