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EconPulse

Local economy signal dashboard

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PLACEThriving

Effingham, IL

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

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Overall score79out of 100
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80
87
52
83
88

Population

12,342

Data freshness

Unknown

GDP / Output

+5.9% YoY

80

$3.1B

Output changed +5.9% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

87

2.6%

Unemployment is 2.6% for Latest available.

Vintage date unknown

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

Population

+0.3% 5-year

52

12,342

Population moved +0.3% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

83

12.0%

Median rent consumes 12.0% 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

$6.6K per resident

88

$228.7M

$228.7M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$228.7M

$6.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$184.6M
2. Department of Veterans Affairs$16.2M
3. Department of Agriculture$13.4M

Top recipients

Dollars
1. REDACTED DUE TO PII$12.2M
2. ILLINOIS DEPARTMENT OF TRANSPORTATION$6.4M
3. C.E.F.S. ECONOMIC OPPORTUNITY CORPORATION$2.9M

Affordable

Housing Affordability

12.0%

of median income

1BR estimate$595
2BR estimate$783
Median income$72,377
Median home value$177,500

ACS context

Quick Facts

Population

12,342

Median age

39.6

Bachelor's degree+

29.1%

Poverty rate

14.6%

Labor force participation

65.5%

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

+0.1%

GDP CAGR

+7.0%

Federal flow

5 years

Population (5 years)
202012,310
202112,218
202212,244
202312,258
202412,342
GDP (5 years)
2020$2.2B
2021$2.4B
2022$2.7B
2023$2.9B
2024$3.1B

2-year linear forecast

Predictive Outlook

Population forecast

202412,342
202512,306 *
202612,316 *

R² = 10.6% · * projected

GDP forecast

2024$3.1B
2025$3.3B *
2026$3.6B *

R² = 99.3% · * 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$72,377/yr
Median rent$725/mo
Rent share of income12.0%
Est. mortgage (30yr, 6.5%)$10,770/yr
Mortgage share of income14.9%

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

employment snapshot

Job Market

Unemployment rate2.6%
State avg5.1%
U.S. avg5.2%
Labor force participation65.5%
Poverty rate14.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$177,500
Median monthly rent$725
Price-to-rent ratio20.4x

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

composite score

Investment Climate

Investment climateStrong
Composite score76/100
Economic growth80/100
Labor market87/100
Population momentum52/100
Overall stability79/100

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

Location Context

Effingham city, Illinois

City/Town

Part of

Effingham, IL

Nearby locations

Teutopolis, ILWatson, ILShumway, ILSigel, ILMontrose, IL