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EconPulse

Local economy signal dashboard

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PLACEThriving

Harvey, ND

Thriving overall. Jobs is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score88out of 100
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94
100
70
74
100

Population

1,679

Data freshness

Unknown

GDP / Output

+7.9% YoY

94

$443.7M

Output changed +7.9% in 2024.

Vintage date unknown

State growth2.8%
U.S. growth5.3%

Jobs

Unemployment rate

100

1.4%

Unemployment is 1.4% for Latest available.

Vintage date unknown

State avg2.8%
U.S. avg5.2%

Population

+3.3% 5-year

70

1,679

Population moved +3.3% over the latest ACS window.

Vintage date unknown

State population784,841
U.S. population334,922,499

Housing

Rent share of income

74

18.2%

Median rent consumes 18.2% of median household income: Affordable.

Vintage date unknown

State rent$954
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$16.9K per resident

100

$67.3M

$67.3M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$98.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$67.3M

$16.9K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Agriculture$31.5M
2. Social Security Administration$23.6M
3. Department of Transportation$7.5M

Top recipients

Dollars
1. REDACTED DUE TO PII$30.7M
2. NORTH DAKOTA DEPARTMENT OF TRANSPORTATION$6.6M
3. HARVEY MUNI ARPT AUTH$963.0K

Affordable

Housing Affordability

18.2%

of median income

1BR estimate$532
2BR estimate$701
Median income$42,697
Median home value$118,500

ACS context

Quick Facts

Population

1,679

Median age

42.8

Bachelor's degree+

21.2%

Poverty rate

12.0%

Labor force participation

55.4%

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

+0.7%

GDP CAGR

+9.3%

Federal flow

5 years

Population (5 years)
20201,625
20211,701
20221,767
20231,720
20241,679
GDP (5 years)
2020$284.2M
2021$328.4M
2022$467.4M
2023$411.3M
2024$443.7M

2-year linear forecast

Predictive Outlook

Population forecast

20241,679
20251,737 *
20261,749 *

R² = 14.7% · * projected

GDP forecast

2024$443.7M
2025$507.6M *
2026$547.8M *

R² = 66.6% · * 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$42,697/yr
Median rent$649/mo
Rent share of income18.2%
Est. mortgage (30yr, 6.5%)$7,190/yr
Mortgage share of income16.8%

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

employment snapshot

Job Market

Unemployment rate1.4%
State avg2.8%
U.S. avg5.2%
Labor force participation55.4%
Poverty rate12.0%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$118,500
Median monthly rent$649
Price-to-rent ratio15.2x

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

composite score

Investment Climate

Investment climateStrong
Composite score89/100
Economic growth94/100
Labor market100/100
Population momentum70/100
Overall stability88/100

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

Location Context

Harvey city, North Dakota

City/Town

Part of

North Dakota

Nearby locations

Selz, NDMartin, NDHeimdal, NDAnamoose, NDFessenden, ND