GDP / Output
+4.5% YoY
71
$60.3B
Output changed +4.5% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
63
4.2%
Unemployment is 4.2% for June 2026.
Vintage date unknown
State avg5.7%
U.S. avg5.2%
Population
-0.4% 5-year
47
198,535
Population moved -0.4% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
69
22.0%
Median rent consumes 22.0% 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
$10.9K per resident
100
$7.2B
$7.2B 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
$7.2B
$10.9K per resident in reported federal flow.
Top agencies
Dollars1. Department of Health and Human Services$3.4B
2. Social Security Administration$3.1B
3. Department of Veterans Affairs$252.9M
Top recipients
Dollars1. TRANSPORTATION, MICHIGAN DEPARTMENT OF$55.9M
2. CITY OF GRAND RAPIDS$52.4M
3. ALLIANT ENTERPRISES, LLC$45.9M
Affordable
Housing Affordability
22.0%
of median income
1BR estimate$1,038
2BR estimate$1,367
Median income$69,108
Median home value$244,500
ACS context
Quick Facts
Population
198,535
Median age
32.3
Bachelor's degree+
41.6%
Poverty rate
16.9%
Labor force participation
69.3%
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
2026-07-30
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
-0.1%
GDP CAGR
+5.9%
Federal flow
5 years
Population (5 years)
2020199,417
2021197,858
2022198,096
2023197,768
2024198,535
GDP (5 years)
2020$45.3B
2021$48.8B
2022$53.9B
2023$57.7B
2024$60.3B
2-year linear forecast
Predictive Outlook
Population forecast
2024198,535
2025197,779 *
2026197,593 *
R² = 18.9% · * projected
GDP forecast
2024$60.3B
2025$64.9B *
2026$68.8B *
R² = 99.0% · * 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$69,108/yr
Median rent$1,266/mo
Rent share of income22.0%
Est. mortgage (30yr, 6.5%)$14,836/yr
Mortgage share of income21.5%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate4.2%
State avg5.7%
U.S. avg5.2%
Labor force participation69.3%
Poverty rate16.9%
Data from BLS LAUS / CPS. June 2026.
valuation snapshot
Real Estate
Median home value$244,500
Median monthly rent$1,266
Price-to-rent ratio16.1x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score63/100
Economic growth71/100
Labor market63/100
Population momentum47/100
Overall stability67/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.