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EconPulse

Local economy signal dashboard

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PLACEStable

Eckhart Mines, MD

Stable overall. Population 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 score58out of 100
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69
0
100
79
96

Population

670

Data freshness

Unknown

GDP / Output

+4.4% YoY

69

$3.5B

Output changed +4.4% in 2024.

Vintage date unknown

State growth6.0%
U.S. growth5.3%

Jobs

Unemployment rate

0

8.6%

Unemployment is 8.6% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

+30.9% 5-year

100

670

Population moved +30.9% over the latest ACS window.

Vintage date unknown

State population6,206,011
U.S. population334,922,499

Housing

Rent share of income

79

15.1%

Median rent consumes 15.1% of median household income: Affordable.

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

$7.6K per resident

96

$520.5M

$520.5M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$105.7B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$520.5M

$7.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$389.0M
2. Department of Veterans Affairs$34.6M
3. Railroad Retirement Board$30.4M

Top recipients

Dollars
1. MARYLAND DEPARTMENT OF TRANSPORTATION$20.1M
2. STATE OF MD$8.4M
3. ALLEGANY COLLEGE OF MARYLAND$6.4M

Affordable

Housing Affordability

15.1%

of median income

1BR estimate$661
2BR estimate$870
Median income$64,100
Median home value$182,700

ACS context

Quick Facts

Population

670

Median age

41.8

Bachelor's degree+

15.8%

Poverty rate

2.5%

Labor force participation

62.9%

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

2026-07-31

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

+5.5%

GDP CAGR

+2.9%

Federal flow

5 years

Population (5 years)
2020512
2021373
2022514
2023521
2024670
GDP (5 years)
2020$3.1B
2021$3.2B
2022$3.3B
2023$3.4B
2024$3.5B

2-year linear forecast

Predictive Outlook

Population forecast

2024670
2025657 *
2026704 *

R² = 48.7% · * projected

GDP forecast

2024$3.5B
2025$3.6B *
2026$3.8B *

R² = 99.5% · * 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$64,100/yr
Median rent$806/mo
Rent share of income15.1%
Est. mortgage (30yr, 6.5%)$11,086/yr
Mortgage share of income17.3%

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

employment snapshot

Job Market

Unemployment rate8.6%
State avg4.3%
U.S. avg5.2%
Labor force participation62.9%
Poverty rate2.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$182,700
Median monthly rent$806
Price-to-rent ratio18.9x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateModerate
Composite score55/100
Economic growth69/100
Labor market0/100
Population momentum100/100
Overall stability58/100

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

Location Context

Eckhart Mines CDP, Maryland

City/Town

Part of

Cumberland, MD-WV

Nearby locations

Clarysville, MDZihlman, MDGrahamtown, MDFrostburg, MDVale Summit, MD