GDP / Output
+3.9% YoY
66
$129.9B
Output changed +3.9% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
15
7.1%
Unemployment is 7.1% for Latest available.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
+9.3% 5-year
100
15,116
Population moved +9.3% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
65
24.9%
Median rent consumes 24.9% of median household income: Affordable.
Vintage date unknown
State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$12.6K per resident
100
$22.6B
$22.6B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$126.3B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$22.6B
$12.6K per resident in reported federal flow.
Top agencies
Dollars1. Department of Health and Human Services$10.3B
2. Social Security Administration$8.7B
3. General Services Administration$789.9M
Top recipients
Dollars1. CITY OF DETROIT$512.4M
2. FORD MOTOR CO$474.0M
3. GM DEFENSE LLC$320.7M
Affordable
Housing Affordability
24.9%
of median income
1BR estimate$1,108
2BR estimate$1,459
Median income$65,022
Median home value$157,200
ACS context
Quick Facts
Population
15,116
Median age
37.1
Bachelor's degree+
26.1%
Poverty rate
19.8%
Labor force participation
65.1%
Prime rate
6.8%
CPI YoY
+3.9%
U.S. GDP YoY
+5.9%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-16
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
+1.8%
GDP CAGR
+6.0%
Federal flow
5 years
Population (5 years)
202013,829
202115,287
202215,296
202315,205
202415,116
GDP (5 years)
2020$97.0B
2021$103.2B
2022$114.1B
2023$125.1B
2024$129.9B
2-year linear forecast
Predictive Outlook
Population forecast
202415,116
202515,694 *
202615,943 *
R² = 39.2% · * projected
GDP forecast
2024$129.9B
2025$140.2B *
2026$148.9B *
R² = 98.4% · * 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$65,022/yr
Median rent$1,351/mo
Rent share of income24.9%
Est. mortgage (30yr, 6.5%)$9,539/yr
Mortgage share of income14.7%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate7.1%
State avg5.0%
U.S. avg4.3%
Labor force participation65.1%
Poverty rate19.8%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$157,200
Median monthly rent$1,351
Price-to-rent ratio9.7x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score58/100
Economic growth66/100
Labor market15/100
Population momentum100/100
Overall stability59/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.