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EconPulse

Local economy signal dashboard

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PLACEThriving

Farmington, WV

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 score68out of 100
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89
62
0
86
100

Population

390

Data freshness

Unknown

GDP / Output

+7.1% YoY

89

$3.0B

Output changed +7.1% in 2024.

Vintage date unknown

State growth4.9%
U.S. growth5.3%

Jobs

Unemployment rate

62

4.3%

Unemployment is 4.3% for June 2026.

Vintage date unknown

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

Population

-15.2% 5-year

0

390

Population moved -15.2% over the latest ACS window.

Vintage date unknown

State population1,778,373
U.S. population334,922,499

Housing

Rent share of income

86

9.9%

Median rent consumes 9.9% of median household income: Affordable.

Vintage date unknown

State rent$872
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$9.1K per resident

100

$510.3M

$510.3M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$23.8B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$510.3M

$9.1K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$338.1M
2. Department of Veterans Affairs$45.0M
3. National Aeronautics and Space Administration$36.6M

Top recipients

Dollars
1. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION$29.3M
2. TYGART TECHNOLOGY INC$13.1M
3. WVDOT DIVISION OF HIGHWAYS$12.3M

Affordable

Housing Affordability

9.9%

of median income

1BR estimate$487
2BR estimate$642
Median income$72,045
Median home value$69,300

ACS context

Quick Facts

Population

390

Median age

51.8

Bachelor's degree+

11.7%

Poverty rate

9.0%

Labor force participation

56.4%

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

2026-07-31

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

-3.2%

GDP CAGR

+8.2%

Federal flow

5 years

Population (5 years)
2020460
2021446
2022422
2023431
2024390
GDP (5 years)
2020$2.1B
2021$2.4B
2022$2.9B
2023$2.8B
2024$3.0B

2-year linear forecast

Predictive Outlook

Population forecast

2024390
2025383 *
2026368 *

R² = 85.2% · * projected

GDP forecast

2024$3.0B
2025$3.4B *
2026$3.6B *

R² = 90.4% · * 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$72,045/yr
Median rent$594/mo
Rent share of income9.9%
Est. mortgage (30yr, 6.5%)$4,205/yr
Mortgage share of income5.8%

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

employment snapshot

Job Market

Unemployment rate4.3%
State avg4.2%
U.S. avg5.2%
Labor force participation56.4%
Poverty rate9.0%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$69,300
Median monthly rent$594
Price-to-rent ratio9.7x

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

composite score

Investment Climate

Investment climateModerate
Composite score59/100
Economic growth89/100
Labor market62/100
Population momentum0/100
Overall stability68/100

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

Location Context

Farmington town, West Virginia

City/Town

Part of

Fairmont, WV

Nearby locations

Idamay, WVCarolina, WVRachel, WVWorthington, WVMonongah, WV