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EconPulse

Local economy signal dashboard

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PLACEStable

Forgan, OK

Stable 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 score52out of 100
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18
56
0
86
100

Population

359

Data freshness

Unknown

GDP / Output

-3.0% YoY

18

$535.0M

Output changed -3.0% in 2024.

Vintage date unknown

State growth3.0%
U.S. growth5.3%

Jobs

Unemployment rate

56

4.7%

Unemployment is 4.7% for Latest available.

Vintage date unknown

State avg5.0%
U.S. avg5.2%

Population

-30.2% 5-year

0

359

Population moved -30.2% over the latest ACS window.

Vintage date unknown

State population4,028,634
U.S. population334,922,499

Housing

Rent share of income

86

9.7%

Median rent consumes 9.7% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
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

$45.1M

$45.1M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$50.2B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$45.1M

$8.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$22.8M
2. Department of Agriculture$18.8M
3. Department of Transportation$1.7M

Top recipients

Dollars
1. REDACTED DUE TO PII$18.5M
2. OKLAHOMA DEPARTMENT OF TRANSPORTATION$1.6M
3. TOWN OF BEAVER$123.5K

Affordable

Housing Affordability

9.7%

of median income

1BR estimate$462
2BR estimate$609
Median income$70,114
Median home value$60,500

ACS context

Quick Facts

Population

359

Median age

49.3

Bachelor's degree+

3.7%

Poverty rate

2.8%

Labor force participation

64.1%

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

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

-6.9%

GDP CAGR

+9.1%

Federal flow

5 years

Population (5 years)
2020514
2021392
2022286
2023314
2024359
GDP (5 years)
2020$346.0M
2021$506.5M
2022$613.0M
2023$551.6M
2024$535.0M

2-year linear forecast

Predictive Outlook

Population forecast

2024359
2025257 *
2026218 *

R² = 47.8% · * projected

GDP forecast

2024$535.0M
2025$637.3M *
2026$679.6M *

R² = 44.9% · * 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$70,114/yr
Median rent$564/mo
Rent share of income9.7%
Est. mortgage (30yr, 6.5%)$3,671/yr
Mortgage share of income5.2%

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

employment snapshot

Job Market

Unemployment rate4.7%
State avg5.0%
U.S. avg5.2%
Labor force participation64.1%
Poverty rate2.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$60,500
Median monthly rent$564
Price-to-rent ratio8.9x

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

composite score

Investment Climate

Investment climateWeak
Composite score32/100
Economic growth18/100
Labor market56/100
Population momentum0/100
Overall stability52/100

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

Location Context

Forgan town, Oklahoma

City/Town

Part of

Oklahoma

Nearby locations

Beaver, OKKnowles, OKLittle Ponderosa, OKTurpin, OKKismet, KS