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EconPulse

Local economy signal dashboard

Saved
PLACEStrained

Gully, MN

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

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Overall score25out of 100
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11
0
0
52
100

Population

53

Data freshness

Unknown

GDP / Output

-4.0% YoY

11

$1.7B

Output changed -4.0% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

0

25.6%

Unemployment is 25.6% for Latest available.

Vintage date unknown

State avg4.1%
U.S. avg5.2%

Population

-13.1% 5-year

0

53

Population moved -13.1% over the latest ACS window.

Vintage date unknown

State population5,739,445
U.S. population334,922,499

Housing

Rent share of income

52

34.3%

Median rent consumes 34.3% of median household income: Strained.

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

$8.9K per resident

100

$278.8M

$278.8M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$242.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$278.8M

$8.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$156.4M
2. Department of Agriculture$36.0M
3. Department of the Interior$21.4M

Top recipients

Dollars
1. REDACTED DUE TO PII$35.5M
2. RED LAKE BAND OF CHIPPEWA INDIANS$21.1M
3. TRI VALLEY OPPORTUNITY COUNCIL INC$17.7M

Strained

Housing Affordability

34.3%

of median income

1BR estimate$954
2BR estimate$1,256
Median income$40,735
Median home valueUnavailable

ACS context

Quick Facts

Population

53

Median age

34.3

Bachelor's degree+

0.0%

Poverty rate

25.5%

Labor force participation

83.0%

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

-2.8%

GDP CAGR

+2.8%

Federal flow

5 years

Population (5 years)
202061
202156
202249
202359
202453
GDP (5 years)
2020$1.5B
2021$1.7B
2022$1.8B
2023$1.8B
2024$1.7B

2-year linear forecast

Predictive Outlook

Population forecast

202453
202552 *
202650 *

R² = 18.5% · * projected

GDP forecast

2024$1.7B
2025$1.8B *
2026$1.9B *

R² = 36.7% · * 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$40,735/yr
Median rent$1,163/mo
Rent share of income34.3%

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

employment snapshot

Job Market

Unemployment rate25.6%
State avg4.1%
U.S. avg5.2%
Labor force participation83.0%
Poverty rate25.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median monthly rent$1,163

composite score

Investment Climate

Investment climateWeak
Composite score10/100
Economic growth11/100
Labor market0/100
Population momentum0/100
Overall stability25/100

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

Location Context

Gully city, Minnesota

City/Town

Part of

Grand Forks, ND-MN

Nearby locations

Trail, MNGonvick, MNClearbrook, MNOklee, MNFosston, MN