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EconPulse

Local economy signal dashboard

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PLACEThriving

Draper, UT

Thriving overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

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Overall score75out of 100
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74
68
NA
75
99

Population

50,278

Data freshness

Unknown

GDP / Output

+5.0% YoY

74

$153.8B

Output changed +5.0% in 2024.

Vintage date unknown

State growth5.7%
U.S. growth5.3%

Jobs

Unemployment rate

68

3.6%

Unemployment is 3.6% for April 2026.

Vintage date unknown

State avg3.8%
U.S. avg4.3%

Population

Unavailable 5-year

NA

50,278

Population trend is unavailable.

Vintage date unknown

State population3,392,331
U.S. population334,922,499
Population trend temporarily unavailable.

Housing

Rent share of income

75

17.6%

Median rent consumes 17.6% of median household income: Affordable.

Vintage date unknown

State rent$1.5K
U.S. rent$1.4K
Population trend temporarily unavailable.

Federal Funds

$8.0K per resident

99

$9.4B

$9.4B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$29.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$9.4B

$8.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$4.0B
2. Department of Health and Human Services$1.6B
3. Department of Education$942.5M

Top recipients

Dollars
1. WESTERN GOVERNORS UNIVERSITY$494.0M
2. L3 TECHNOLOGIES, INC.$475.2M
3. ASAHI REFINING USA INC$339.8M

Affordable

Housing Affordability

17.6%

of median income

1BR estimate$1,553
2BR estimate$2,046
Median income$128,910
Median home value$784,800

ACS context

Quick Facts

Population

50,278

Median age

34.3

Bachelor's degree+

51.9%

Poverty rate

6.1%

Labor force participation

68.1%

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
  • Population trend temporarily unavailable.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

Unavailable

GDP CAGR

+7.5%

Federal flow

5 years

GDP (5 years)
2020$107.0B
2021$120.8B
2022$135.4B
2023$146.5B
2024$153.8B

2-year linear forecast

Predictive Outlook

GDP forecast

2024$153.8B
2025$168.5B *
2026$180.4B *

R² = 98.5% · * 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$128,910/yr
Median rent$1,894/mo
Rent share of income17.6%
Est. mortgage (30yr, 6.5%)$47,621/yr
Mortgage share of income36.9%

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 avg3.8%
U.S. avg4.3%
Labor force participation68.1%
Poverty rate6.1%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median home value$784,800
Median monthly rent$1,894
Price-to-rent ratio34.5x

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

composite score

Investment Climate

Investment climateStrong
Composite score72/100
Economic growth74/100
Labor market68/100
Population momentumN/A
Overall stability75/100

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

Location Context

Draper city, Utah

City/Town

Part of

Salt Lake City-Murray, UT

Nearby locations

Bluffdale, UTWhite City metro township, UTSandy, UTRiverton, UTAlpine, UT