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EconPulse

Local economy signal dashboard

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PLACEStable

Grand Forks Afb, ND

Stable overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score63out of 100
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91
63
0
62
100

Population

1,987

Data freshness

Unknown

GDP / Output

+7.5% YoY

91

$5.9B

Output changed +7.5% in 2024.

Vintage date unknown

State growth2.8%
U.S. growth5.3%

Jobs

Unemployment rate

63

3.9%

Unemployment is 3.9% for Latest available.

Vintage date unknown

State avg2.8%
U.S. avg4.3%

Population

-28.7% 5-year

0

1,987

Population moved -28.7% over the latest ACS window.

Vintage date unknown

State population784,841
U.S. population334,922,499

Housing

Rent share of income

62

26.8%

Median rent consumes 26.8% of median household income: Affordable.

Vintage date unknown

State rent$954
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$13.3K per resident

100

$973.0M

$973.0M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$98.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$973.0M

$13.3K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Agriculture$363.5M
2. Social Security Administration$283.3M
3. Department of Defense$119.9M

Top recipients

Dollars
1. MINNKOTA POWER COOPERATIVE, INC.$314.5M
2. UNIVERSITY OF NORTH DAKOTA$48.8M
3. NORTH DAKOTA DEPARTMENT OF TRANSPORTATION$43.6M

Affordable

Housing Affordability

26.8%

of median income

1BR estimate$1,333
2BR estimate$1,756
Median income$72,782
Median home value$9,999

ACS context

Quick Facts

Population

1,987

Median age

21.7

Bachelor's degree+

29.9%

Poverty rate

4.0%

Labor force participation

84.6%

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

-6.5%

GDP CAGR

+6.7%

Federal flow

5 years

Population (5 years)
20202,785
20212,678
20222,113
20232,072
20241,987
GDP (5 years)
2020$4.3B
2021$4.5B
2022$5.0B
2023$5.5B
2024$5.9B

2-year linear forecast

Predictive Outlook

Population forecast

20241,987
20251,666 *
20261,446 *

R² = 86.7% · * projected

GDP forecast

2024$5.9B
2025$6.3B *
2026$6.7B *

R² = 98.7% · * 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$72,782/yr
Median rent$1,626/mo
Rent share of income26.8%
Est. mortgage (30yr, 6.5%)$607/yr
Mortgage share of income0.8%

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

employment snapshot

Job Market

Unemployment rate3.9%
State avg2.8%
U.S. avg4.3%
Labor force participation84.6%
Poverty rate4.0%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$9,999
Median monthly rent$1,626
Price-to-rent ratio0.5x

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

composite score

Investment Climate

Investment climateModerate
Composite score59/100
Economic growth91/100
Labor market63/100
Population momentum0/100
Overall stability63/100

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

Location Context

Grand Forks AFB CDP, North Dakota

City/Town

Part of

Grand Forks, ND-MN

Nearby locations

Emerado, NDGilby, NDLarimore, NDManvel, NDGrand Forks, ND