GDP / Output
+1.6% YoY
50
$13.9B
Output changed +1.6% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
42
5.3%
Unemployment is 5.3% for June 2026.
Vintage date unknown
State avg4.4%
U.S. avg4.2%
Population
-7.2% 5-year
7
1,697
Population moved -7.2% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
82
13.0%
Median rent consumes 13.0% of median household income: Affordable.
Vintage date unknown
State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$8.2K per resident
100
$1.6B
$1.6B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$242.1B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$1.6B
$8.2K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$1.2B
2. Department of Veterans Affairs$136.5M
3. Department of Transportation$81.2M
Top recipients
Dollars1. MINNESOTA DEPARTMENT OF TRANSPORTATION$49.0M
2. DULUTH, CITY OF$23.8M
3. HOUSING AND REDEVELOPMENT AUTHORITY OF DULUTH, MINNESOTA$18.9M
Affordable
Housing Affordability
13.0%
of median income
1BR estimate$572
2BR estimate$754
Median income$64,625
Median home value$126,000
ACS context
Quick Facts
Population
1,697
Median age
48.9
Bachelor's degree+
19.0%
Poverty rate
8.8%
Labor force participation
55.1%
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
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
-1.5%
GDP CAGR
+5.8%
Federal flow
5 years
Population (5 years)
20201,828
20211,829
20221,821
20231,693
20241,697
GDP (5 years)
2020$10.5B
2021$11.5B
2022$12.5B
2023$13.7B
2024$13.9B
2-year linear forecast
Predictive Outlook
Population forecast
20241,697
20251,654 *
20261,614 *
R² = 76.7% · * projected
GDP forecast
2024$13.9B
2025$15.1B *
2026$16.0B *
R² = 96.9% · * 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$64,625/yr
Median rent$698/mo
Rent share of income13.0%
Est. mortgage (30yr, 6.5%)$7,645/yr
Mortgage share of income11.8%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate5.3%
State avg4.4%
U.S. avg4.2%
Labor force participation55.1%
Poverty rate8.8%
Data from BLS LAUS / CPS. June 2026.
valuation snapshot
Real Estate
Median home value$126,000
Median monthly rent$698
Price-to-rent ratio15.0x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score40/100
Economic growth50/100
Labor market42/100
Population momentum7/100
Overall stability54/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.