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EconPulse

Local economy signal dashboard

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PLACEThriving

East Grand Forks, MN

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

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Overall score67out of 100
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11
74
83
81
100

Population

9,028

Data freshness

Unknown

GDP / Output

-4.0% YoY

11

$1.7B

Output changed -4.0% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

74

3.5%

Unemployment is 3.5% for Latest available.

Vintage date unknown

State avg4.1%
U.S. avg5.2%

Population

+5.5% 5-year

83

9,028

Population moved +5.5% 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

$8.9K per resident

100

$278.8M

$278.8M 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

$278.8M

$8.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$156.4M
2. Department of Agriculture$36.0M
3. Department of the Interior$21.4M

Top recipients

Dollars
1. REDACTED DUE TO PII$35.5M
2. RED LAKE BAND OF CHIPPEWA INDIANS$21.1M
3. TRI VALLEY OPPORTUNITY COUNCIL INC$17.7M

Affordable

Housing Affordability

13.7%

of median income

1BR estimate$728
2BR estimate$959
Median income$77,549
Median home value$255,600

ACS context

Quick Facts

Population

9,028

Median age

35.5

Bachelor's degree+

26.0%

Poverty rate

12.4%

Labor force participation

71.6%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

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

+1.1%

GDP CAGR

+2.8%

Federal flow

5 years

Population (5 years)
20208,555
20219,140
20229,118
20239,067
20249,028
GDP (5 years)
2020$1.5B
2021$1.7B
2022$1.8B
2023$1.8B
2024$1.7B

2-year linear forecast

Predictive Outlook

Population forecast

20249,028
20259,244 *
20269,331 *

R² = 32.4% · * projected

GDP forecast

2024$1.7B
2025$1.8B *
2026$1.9B *

R² = 36.7% · * 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$77,549/yr
Median rent$888/mo
Rent share of income13.7%
Est. mortgage (30yr, 6.5%)$15,509/yr
Mortgage share of income20.0%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.5%
State avg4.1%
U.S. avg5.2%
Labor force participation71.6%
Poverty rate12.4%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$255,600
Median monthly rent$888
Price-to-rent ratio24.0x

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

composite score

Investment Climate

Investment climateModerate
Composite score55/100
Economic growth11/100
Labor market74/100
Population momentum83/100
Overall stability67/100

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

Location Context

East Grand Forks city, Minnesota

City/Town

Part of

Grand Forks, ND-MN

Nearby locations

Grand Forks, NDThompson, NDManvel, NDFisher, MNEmerado, ND