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EconPulse

Local economy signal dashboard

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PLACEThriving

Elmwood, WI

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 score72out of 100
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62
72
66
78
89

Population

629

Data freshness

Unknown

GDP / Output

+3.3% YoY

62

$1.5B

Output changed +3.3% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

72

3.6%

Unemployment is 3.6% for June 2026.

Vintage date unknown

State avg3.2%
U.S. avg5.2%

Population

+2.6% 5-year

66

629

Population moved +2.6% over the latest ACS window.

Vintage date unknown

State population5,914,872
U.S. population334,922,499

Housing

Rent share of income

78

15.6%

Median rent consumes 15.6% of median household income: Affordable.

Vintage date unknown

State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.8K per resident

89

$286.7M

$286.7M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$113.0B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$286.7M

$6.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$230.1M
2. Department of Veterans Affairs$24.6M
3. Department of Agriculture$10.0M

Top recipients

Dollars
1. WISCONSIN DEPARTMENT OF TRANSPORTATION$8.7M
2. REDACTED DUE TO PII$8.4M
3. UW RIVER FALLS$7.8M

Affordable

Housing Affordability

15.6%

of median income

1BR estimate$656
2BR estimate$864
Median income$61,563
Median home value$172,000

ACS context

Quick Facts

Population

629

Median age

51.4

Bachelor's degree+

14.6%

Poverty rate

13.7%

Labor force participation

51.1%

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

June 2026

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

+0.5%

GDP CAGR

+4.6%

Federal flow

5 years

Population (5 years)
2020613
2021675
2022683
2023699
2024629
GDP (5 years)
2020$1.2B
2021$1.3B
2022$1.5B
2023$1.5B
2024$1.5B

2-year linear forecast

Predictive Outlook

Population forecast

2024629
2025677 *
2026682 *

R² = 5.8% · * projected

GDP forecast

2024$1.5B
2025$1.7B *
2026$1.7B *

R² = 93.5% · * 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$61,563/yr
Median rent$800/mo
Rent share of income15.6%
Est. mortgage (30yr, 6.5%)$10,437/yr
Mortgage share of income17.0%

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

employment snapshot

Job Market

Unemployment rate3.6%
State avg3.2%
U.S. avg5.2%
Labor force participation51.1%
Poverty rate13.7%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$172,000
Median monthly rent$800
Price-to-rent ratio17.9x

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

composite score

Investment Climate

Investment climateStrong
Composite score68/100
Economic growth62/100
Labor market72/100
Population momentum66/100
Overall stability72/100

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

Location Context

Elmwood village, Wisconsin

City/Town

Part of

Minneapolis-St. Paul-Bloomington, MN-WI

Nearby locations

Spring Valley, WIPlum City, WIDownsville, WIArkansaw, WIKnapp, WI