GDP / Output
+4.2% YoY
68
$419.5M
Output changed +4.2% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
0
11.0%
Unemployment is 11.0% for Latest available.
Vintage date unknown
State avg5.7%
U.S. avg5.2%
BLS local unemployment unavailable; Census ACS fallback used if available.
Population
-10.3% 5-year
0
296
Population moved -10.3% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
76
17.2%
Median rent consumes 17.2% 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
$10.5K per resident
100
$121.8M
$121.8M in federal obligations flowed here in FY2025.
Vintage date unknown
State total$126.4B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$121.8M
$10.5K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$99.1M
2. Department of Veterans Affairs$13.7M
3. Department of Defense$3.0M
Top recipients
Dollars1. LAKE SHORE SYSTEMS, INC.$3.0M
2. COUNTY OF IRON$1.8M
3. TRANSPORTATION, MICHIGAN DEPARTMENT OF$1.3M
Affordable
Housing Affordability
17.2%
of median income
1BR estimate$562
2BR estimate$740
Median income$47,708
Median home value$49,200
ACS context
Quick Facts
Population
296
Median age
40.1
Bachelor's degree+
18.4%
Poverty rate
29.1%
Labor force participation
53.6%
Prime rate
7.0%
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
2026-09-17
HUD Fair Market Rent
Latest available
Data notes
- BLS local unemployment unavailable; Census ACS fallback used if available.
- HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
5-year compound growth
Historical Trends
Population CAGR
-2.2%
GDP CAGR
+4.6%
Federal flow
5 years
Population (5 years)
2020330
2021351
2022268
2023324
2024296
GDP (5 years)
2020$335.8M
2021$367.2M
2022$392.1M
2023$402.7M
2024$419.5M
2-year linear forecast
Predictive Outlook
Population forecast
2024296
2025285 *
2026276 *
R² = 21.7% · * projected
GDP forecast
2024$419.5M
2025$444.4M *
2026$464.7M *
R² = 96.2% · * 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$47,708/yr
Median rent$685/mo
Rent share of income17.2%
Est. mortgage (30yr, 6.5%)$2,985/yr
Mortgage share of income6.3%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate11.0%
State avg5.7%
U.S. avg5.2%
Labor force participation53.6%
Poverty rate29.1%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$49,200
Median monthly rent$685
Price-to-rent ratio6.0x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateWeak
Composite score31/100
Economic growth68/100
Labor market0/100
Population momentum0/100
Overall stability43/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.