GDP / Output
+3.2% YoY
61
$88.4B
Output changed +3.2% in 2024.
Vintage date unknown
State growth5.6%
U.S. growth5.3%
Jobs
Unemployment rate
45
5.1%
Unemployment is 5.1% for June 2026.
Vintage date unknown
State avg3.5%
U.S. avg4.2%
Population
+3.8% 5-year
73
40,673
Population moved +3.8% over the latest ACS window.
Vintage date unknown
State population7,066,383
U.S. population334,922,499
Housing
Rent share of income
80
14.5%
Median rent consumes 14.5% of median household income: Affordable.
Vintage date unknown
State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$6.9K per resident
90
$6.4B
$6.4B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$121.4B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$6.4B
$6.9K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$4.0B
2. Department of Defense$680.4M
3. Department of Veterans Affairs$594.7M
Top recipients
Dollars1. FEDERAL EXPRESS CORPORATION$337.5M
2. ST JUDE CHILDREN'S RESEARCH HOSPITAL INC$138.0M
3. MEMPHIS HOUSING AUTHORITY$119.1M
Affordable
Housing Affordability
14.5%
of median income
1BR estimate$1,489
2BR estimate$1,961
Median income$149,920
Median home value$470,800
ACS context
Quick Facts
Population
40,673
Median age
44.3
Bachelor's degree+
71.9%
Poverty rate
2.7%
Labor force participation
60.8%
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
2026-07-29
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
+0.7%
GDP CAGR
+5.4%
Federal flow
5 years
Population (5 years)
202039,196
202140,955
202241,094
202340,812
202440,673
GDP (5 years)
2020$67.9B
2021$75.4B
2022$80.1B
2023$85.7B
2024$88.4B
2-year linear forecast
Predictive Outlook
Population forecast
202440,673
202541,389 *
202641,670 *
R² = 33.2% · * projected
GDP forecast
2024$88.4B
2025$94.9B *
2026$100.0B *
R² = 97.7% · * 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$149,920/yr
Median rent$1,816/mo
Rent share of income14.5%
Est. mortgage (30yr, 6.5%)$28,567/yr
Mortgage share of income19.1%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate5.1%
State avg3.5%
U.S. avg4.2%
Labor force participation60.8%
Poverty rate2.7%
Data from BLS LAUS / CPS. June 2026.
valuation snapshot
Real Estate
Median home value$470,800
Median monthly rent$1,816
Price-to-rent ratio21.6x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateModerate
Composite score61/100
Economic growth61/100
Labor market45/100
Population momentum73/100
Overall stability66/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.