Skip to main content

EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Grandwood Park, IL

Thriving overall. Jobs is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score80out of 100
Compare
65
96
67
76
94

Population

5,262

Data freshness

Unknown

GDP / Output

+3.7% YoY

65

$82.9B

Output changed +3.7% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

96

2.0%

Unemployment is 2.0% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

+2.9% 5-year

67

5,262

Population moved +2.9% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

76

17.4%

Median rent consumes 17.4% 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

$7.4K per resident

94

$5.3B

$5.3B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$5.3B

$7.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$3.2B
2. Department of Defense$807.4M
3. Department of Veterans Affairs$499.0M

Top recipients

Dollars
1. CARDINAL HEALTH 200, LLC$472.6M
2. W.W. GRAINGER, INC.$357.3M
3. GOODWILL INDUSTRIES OF SOUTHEASTERN WISCONSIN, INC.$134.7M

Affordable

Housing Affordability

17.4%

of median income

1BR estimate$1,506
2BR estimate$1,983
Median income$126,736
Median home value$330,500

ACS context

Quick Facts

Population

5,262

Median age

42.2

Bachelor's degree+

59.2%

Poverty rate

2.8%

Labor force participation

69.5%

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

Latest available

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

+0.6%

GDP CAGR

+5.0%

Federal flow

5 years

Population (5 years)
20205,114
20215,506
20225,391
20235,311
20245,262
GDP (5 years)
2020$65.0B
2021$71.5B
2022$76.1B
2023$79.9B
2024$82.9B

2-year linear forecast

Predictive Outlook

Population forecast

20245,262
20255,347 *
20265,357 *

R² = 1.2% · * projected

GDP forecast

2024$82.9B
2025$88.3B *
2026$92.7B *

R² = 97.8% · * 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$126,736/yr
Median rent$1,836/mo
Rent share of income17.4%
Est. mortgage (30yr, 6.5%)$20,054/yr
Mortgage share of income15.8%

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

employment snapshot

Job Market

Unemployment rate2.0%
State avg5.1%
U.S. avg5.2%
Labor force participation69.5%
Poverty rate2.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$330,500
Median monthly rent$1,836
Price-to-rent ratio15.0x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score77/100
Economic growth65/100
Labor market96/100
Population momentum67/100
Overall stability80/100

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

Location Context

Grandwood Park CDP, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

Third Lake, ILLindenhurst, ILGages Lake, ILOld Mill Creek, ILVenetian Village, IL