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EconPulse

Local economy signal dashboard

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PLACEThriving

Granite, UT

Thriving overall. Population is the clearest support signal, while housing needs the most attention. Housing reads as strained for a median-income household.

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Overall score74out of 100
Compare
74
68
100
57
99

Population

908

Data freshness

Unknown

GDP / Output

+5.0% YoY

74

$153.8B

Output changed +5.0% in 2024.

Vintage date unknown

State growth5.7%
U.S. growth5.3%

Jobs

Unemployment rate

68

3.5%

Unemployment is 3.5% for July 2026.

Vintage date unknown

State avg3.6%
U.S. avg4.1%

Population

+13.5% 5-year

100

908

Population moved +13.5% over the latest ACS window.

Vintage date unknown

State population3,392,331
U.S. population334,922,499

Housing

Rent share of income

57

30.6%

Median rent consumes 30.6% of median household income: Strained.

Vintage date unknown

State rent$1.5K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.0K per resident

99

$9.4B

$9.4B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$29.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$9.4B

$8.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$4.0B
2. Department of Health and Human Services$1.6B
3. Department of Education$942.5M

Top recipients

Dollars
1. WESTERN GOVERNORS UNIVERSITY$494.0M
2. L3 TECHNOLOGIES, INC.$475.2M
3. ASAHI REFINING USA INC$339.8M

Strained

Housing Affordability

30.6%

of median income

1BR estimate$1,787
2BR estimate$2,353
Median income$85,417
Median home value$1,033,100

ACS context

Quick Facts

Population

908

Median age

43.8

Bachelor's degree+

60.1%

Poverty rate

3.5%

Labor force participation

44.5%

Prime rate

6.8%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

July 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-09

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

+2.6%

GDP CAGR

+7.5%

Federal flow

5 years

Population (5 years)
2020800
2021750
2022703
2023813
2024908
GDP (5 years)
2020$107.0B
2021$120.8B
2022$135.4B
2023$146.5B
2024$153.8B

2-year linear forecast

Predictive Outlook

Population forecast

2024908
2025879 *
2026906 *

R² = 33.0% · * projected

GDP forecast

2024$153.8B
2025$168.5B *
2026$180.4B *

R² = 98.5% · * 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$85,417/yr
Median rent$2,179/mo
Rent share of income30.6%
Est. mortgage (30yr, 6.5%)$62,687/yr
Mortgage share of income73.4%

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

employment snapshot

Job Market

Unemployment rate3.5%
State avg3.6%
U.S. avg4.1%
Labor force participation44.5%
Poverty rate3.5%

Data from BLS LAUS / CPS. July 2026.

valuation snapshot

Real Estate

Median home value$1,033,100
Median monthly rent$2,179
Price-to-rent ratio39.5x

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

composite score

Investment Climate

Investment climateStrong
Composite score78/100
Economic growth74/100
Labor market68/100
Population momentum100/100
Overall stability74/100

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

Location Context

Granite CDP, Utah

City/Town

Part of

Salt Lake City-Murray, UT

Nearby locations

Cottonwood Heights, UTSandy, UTWhite City, UTMidvale, UTHolladay, UT