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EconPulse

Local economy signal dashboard

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PLACEStable

Grant Park, IL

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

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Overall score42out of 100
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74
0
0
75
86

Population

1,449

Data freshness

Unknown

GDP / Output

+5.0% YoY

74

$8.5B

Output changed +5.0% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

0

8.6%

Unemployment is 8.6% for Latest available.

Vintage date unknown

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

Population

-13.8% 5-year

0

1,449

Population moved -13.8% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

75

18.0%

Median rent consumes 18.0% 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

$6.4K per resident

86

$689.3M

$689.3M 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

$689.3M

$6.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$554.8M
2. Department of Veterans Affairs$65.4M
3. Department of Agriculture$16.0M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF VETERANS' AFFAIRS$18.6M
2. REDACTED DUE TO PII$14.5M
3. ILLINOIS DEPARTMENT OF TRANSPORTATION$14.1M

Affordable

Housing Affordability

18.0%

of median income

1BR estimate$965
2BR estimate$1,271
Median income$78,385
Median home value$215,800

ACS context

Quick Facts

Population

1,449

Median age

34.2

Bachelor's degree+

12.1%

Poverty rate

9.0%

Labor force participation

59.4%

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

-2.9%

GDP CAGR

+5.5%

Federal flow

5 years

Population (5 years)
20201,681
20211,643
20221,641
20231,547
20241,449
GDP (5 years)
2020$6.5B
2021$7.5B
2022$7.9B
2023$8.1B
2024$8.5B

2-year linear forecast

Predictive Outlook

Population forecast

20241,449
20251,424 *
20261,368 *

R² = 88.6% · * projected

GDP forecast

2024$8.5B
2025$9.1B *
2026$9.6B *

R² = 93.7% · * 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$78,385/yr
Median rent$1,177/mo
Rent share of income18.0%
Est. mortgage (30yr, 6.5%)$13,094/yr
Mortgage share of income16.7%

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

employment snapshot

Job Market

Unemployment rate8.6%
State avg5.1%
U.S. avg5.2%
Labor force participation59.4%
Poverty rate9.0%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$215,800
Median monthly rent$1,177
Price-to-rent ratio15.3x

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

composite score

Investment Climate

Investment climateWeak
Composite score33/100
Economic growth74/100
Labor market0/100
Population momentum0/100
Overall stability42/100

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

Location Context

Grant Park village, Illinois

City/Town

Part of

Kankakee, IL

Nearby locations

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