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EconPulse

Local economy signal dashboard

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PLACEThriving

Fremont, MI

Thriving overall. Population 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 score81out of 100
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66
84
100
79
NA

Population

4,568

Data freshness

Unknown

GDP / Output

+3.8% YoY

66

$2.1B

Output changed +3.8% in 2024.

Vintage date unknown

State growth3.9%
U.S. growth5.3%

Jobs

Unemployment rate

84

2.8%

Unemployment is 2.8% for Latest available.

Vintage date unknown

State avg4.9%
U.S. avg5.2%

Population

+13.3% 5-year

100

4,568

Population moved +13.3% over the latest ACS window.

Vintage date unknown

State population10,077,761
U.S. population334,922,499

Housing

Rent share of income

79

15.2%

Median rent consumes 15.2% 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

Unavailable per resident

NA

Unavailable

Federal spending data is unavailable for this geography.

Vintage date unknown

State total$126.4B
U.S. total$5.3T
USAspending federal inflow temporarily unavailable.

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

Unavailable

No federal obligations were reported for this geography.

Top agencies

Dollars

No agencies reported.

Top recipients

Dollars

No recipients reported.

Affordable

Housing Affordability

15.2%

of median income

1BR estimate$599
2BR estimate$788
Median income$57,452
Median home value$194,700

ACS context

Quick Facts

Population

4,568

Median age

38.0

Bachelor's degree+

29.4%

Poverty rate

8.7%

Labor force participation

57.4%

Prime rate

6.8%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-15

HUD Fair Market Rent

Latest available

Data notes
  • USAspending federal inflow temporarily unavailable.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+2.5%

GDP CAGR

+7.8%

Federal flow

N/A

Population (5 years)
20204,030
20214,455
20224,510
20234,532
20244,568
GDP (5 years)
2020$1.4B
2021$1.6B
2022$1.8B
2023$2.0B
2024$2.1B

2-year linear forecast

Predictive Outlook

Population forecast

20244,568
20254,765 *
20264,880 *

R² = 67.9% · * projected

GDP forecast

2024$2.1B
2025$2.3B *
2026$2.5B *

R² = 97.6% · * 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$57,452/yr
Median rent$730/mo
Rent share of income15.2%
Est. mortgage (30yr, 6.5%)$11,814/yr
Mortgage share of income20.6%

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

employment snapshot

Job Market

Unemployment rate2.8%
State avg4.9%
U.S. avg5.2%
Labor force participation57.4%
Poverty rate8.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$194,700
Median monthly rent$730
Price-to-rent ratio22.2x

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

composite score

Investment Climate

Investment climateStrong
Composite score81/100
Economic growth66/100
Labor market84/100
Population momentum100/100
Overall stability81/100

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

Location Context

Fremont city, Michigan

City/Town

Part of

Michigan

Nearby locations

Newaygo, MIHesperia, MIWhite Cloud, MIGrant, MITwin Lake, MI