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EconPulse

Local economy signal dashboard

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PLACEStable

Hermitage, MO

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 score44out of 100
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81
0
16
60
100

Population

734

Data freshness

Unknown

GDP / Output

+6.0% YoY

81

$228.4M

Output changed +6.0% in 2024.

Vintage date unknown

State growth4.6%
U.S. growth5.3%

Jobs

Unemployment rate

0

26.6%

Unemployment is 26.6% for Latest available.

Vintage date unknown

State avg4.0%
U.S. avg5.2%

Population

-5.7% 5-year

16

734

Population moved -5.7% over the latest ACS window.

Vintage date unknown

State population6,191,814
U.S. population334,922,499

Housing

Rent share of income

60

28.8%

Median rent consumes 28.8% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$10.9K per resident

100

$90.6M

$90.6M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$93.8B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$90.6M

$10.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$74.9M
2. Department of Veterans Affairs$9.3M
3. Department of Health and Human Services$2.8M

Top recipients

Dollars
1. OZARKS RESOURCE GROUP$2.8M
2. REDACTED DUE TO PII$1.9M
3. MEADOW BROOK MANOR$136.2K

Affordable

Housing Affordability

28.8%

of median income

1BR estimate$509
2BR estimate$671
Median income$25,833
Median home value$126,300

ACS context

Quick Facts

Population

734

Median age

60.0

Bachelor's degree+

15.1%

Poverty rate

48.9%

Labor force participation

40.5%

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

-1.2%

GDP CAGR

+6.7%

Federal flow

5 years

Population (5 years)
2020778
2021701
2022684
2023683
2024734
GDP (5 years)
2020$165.1M
2021$179.9M
2022$200.5M
2023$215.5M
2024$228.4M

2-year linear forecast

Predictive Outlook

Population forecast

2024734
2025684 *
2026674 *

R² = 17.3% · * projected

GDP forecast

2024$228.4M
2025$246.6M *
2026$262.8M *

R² = 99.4% · * 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$25,833/yr
Median rent$621/mo
Rent share of income28.8%
Est. mortgage (30yr, 6.5%)$7,664/yr
Mortgage share of income29.7%

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

employment snapshot

Job Market

Unemployment rate26.6%
State avg4.0%
U.S. avg5.2%
Labor force participation40.5%
Poverty rate48.9%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$126,300
Median monthly rent$621
Price-to-rent ratio16.9x

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

composite score

Investment Climate

Investment climateModerate
Composite score39/100
Economic growth81/100
Labor market0/100
Population momentum16/100
Overall stability44/100

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

Location Context

Hermitage city, Missouri

City/Town

Part of

Missouri

Nearby locations

Wheatland, MOPreston, MOCross Timbers, MOUrbana, MOWeaubleau, MO