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EconPulse

Local economy signal dashboard

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PLACEThriving

Gravity, IA

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

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Overall score82out of 100
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56
93
100
73
100

Population

128

Data freshness

Unknown

GDP / Output

+2.4% YoY

56

$375.9M

Output changed +2.4% in 2024.

Vintage date unknown

State growth5.0%
U.S. growth5.3%

Jobs

Unemployment rate

93

2.2%

Unemployment is 2.2% for June 2026.

Vintage date unknown

State avg3.6%
U.S. avg5.2%

Population

+17.4% 5-year

100

128

Population moved +17.4% over the latest ACS window.

Vintage date unknown

State population3,210,507
U.S. population334,922,499

Housing

Rent share of income

73

19.6%

Median rent consumes 19.6% of median household income: Affordable.

Vintage date unknown

State rent$972
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$9.7K per resident

100

$57.4M

$57.4M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$36.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$57.4M

$9.7K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$34.6M
2. Department of Agriculture$10.7M
3. Department of Transportation$8.3M

Top recipients

Dollars
1. REDACTED DUE TO PII$10.6M
2. IOWA DEPARTMENT OF TRANSPORTATION$8.3M
3. CORNING HOUSING COMMISSION$202.5K

Affordable

Housing Affordability

19.6%

of median income

1BR estimate$728
2BR estimate$959
Median income$54,500
Median home value$50,600

ACS context

Quick Facts

Population

128

Median age

55.5

Bachelor's degree+

4.2%

Poverty rate

15.6%

Labor force participation

53.2%

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

+3.3%

GDP CAGR

+7.8%

Federal flow

5 years

Population (5 years)
2020109
2021101
2022168
2023171
2024128
GDP (5 years)
2020$258.1M
2021$344.4M
2022$372.3M
2023$367.1M
2024$375.9M

2-year linear forecast

Predictive Outlook

Population forecast

2024128
2025168 *
2026179 *

R² = 27.3% · * projected

GDP forecast

2024$375.9M
2025$421.1M *
2026$446.9M *

R² = 68.6% · * 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$54,500/yr
Median rent$888/mo
Rent share of income19.6%
Est. mortgage (30yr, 6.5%)$3,070/yr
Mortgage share of income5.6%

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

employment snapshot

Job Market

Unemployment rate2.2%
State avg3.6%
U.S. avg5.2%
Labor force participation53.2%
Poverty rate15.6%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$50,600
Median monthly rent$888
Price-to-rent ratio4.7x

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

composite score

Investment Climate

Investment climateStrong
Composite score81/100
Economic growth56/100
Labor market93/100
Population momentum100/100
Overall stability82/100

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

Location Context

Gravity city, Iowa

City/Town

Part of

Iowa

Nearby locations

Sharpsburg, IABedford, IAConway, IANew Market, IALenox, IA