GDP / Output
+4.2% YoY
68
$20.2B
Output changed +4.2% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
84
2.5%
Unemployment is 2.5% for Latest available.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
+1.3% 5-year
58
7,987
Population moved +1.3% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
77
16.2%
Median rent consumes 16.2% 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
$7.4K per resident
94
$3.0B
$3.0B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$126.3B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$3.0B
$7.4K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$2.5B
2. Department of Veterans Affairs$201.8M
3. Department of Health and Human Services$100.9M
Top recipients
Dollars1. NANOGRAF CORPORATION$60.0M
2. TRANSPORTATION, MICHIGAN DEPARTMENT OF$32.5M
3. REGENTS OF THE UNIVERSITY OF MICHIGAN$20.0M
Affordable
Housing Affordability
16.2%
of median income
1BR estimate$754
2BR estimate$993
Median income$68,052
Median home value$235,500
ACS context
Quick Facts
Population
7,987
Median age
39.3
Bachelor's degree+
43.7%
Poverty rate
9.0%
Labor force participation
62.6%
Prime rate
6.8%
CPI YoY
+3.9%
U.S. GDP YoY
+5.9%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-10
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
+0.3%
GDP CAGR
+4.6%
Federal flow
5 years
Population (5 years)
20207,881
20218,055
20228,034
20237,995
20247,987
GDP (5 years)
2020$16.1B
2021$16.8B
2022$17.9B
2023$19.4B
2024$20.2B
2-year linear forecast
Predictive Outlook
Population forecast
20247,987
20258,036 *
20268,051 *
R² = 12.8% · * projected
GDP forecast
2024$20.2B
2025$21.3B *
2026$22.3B *
R² = 98.6% · * 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$68,052/yr
Median rent$919/mo
Rent share of income16.2%
Est. mortgage (30yr, 6.5%)$14,290/yr
Mortgage share of income21.0%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate2.5%
State avg5.0%
U.S. avg4.3%
Labor force participation62.6%
Poverty rate9.0%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$235,500
Median monthly rent$919
Price-to-rent ratio21.4x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateStrong
Composite score72/100
Economic growth68/100
Labor market84/100
Population momentum58/100
Overall stability76/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.