GDP / Output
+5.1% YoY
74
$29.1B
Output changed +5.1% in 2024.
Vintage date unknown
State growth4.8%
U.S. growth5.3%
Jobs
Unemployment rate
57
4.6%
Unemployment is 4.6% for April 2026.
Vintage date unknown
State avg6.3%
U.S. avg5.2%
Population
-7.5% 5-year
5
2,417
Population moved -7.5% over the latest ACS window.
Vintage date unknown
State population9,343,809
U.S. population334,922,499
Housing
Rent share of income
80
14.5%
Median rent consumes 14.5% of median household income: Affordable.
Vintage date unknown
State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$5.4K per resident
79
$2.9B
$2.9B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$96.5B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$2.9B
$5.4K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$2.2B
2. Department of Defense$263.3M
3. Department of Housing and Urban Development$140.7M
Top recipients
Dollars1. L3HARRIS TECHNOLOGIES, INC.$180.6M
2. PATERSON HOUSING AUTHORITY$52.6M
3. HOFFMANN-LA ROCHE INC.$47.5M
Affordable
Housing Affordability
14.5%
of median income
1BR estimate$1,880
2BR estimate$2,476
Median income$189,188
Median home value$466,600
ACS context
Quick Facts
Population
2,417
Median age
53.1
Bachelor's degree+
35.7%
Poverty rate
1.7%
Labor force participation
79.8%
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
April 2026
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
-1.5%
GDP CAGR
+6.0%
Federal flow
5 years
Population (5 years)
20202,612
20212,538
20222,540
20232,797
20242,417
GDP (5 years)
2020$21.7B
2021$24.1B
2022$25.8B
2023$27.7B
2024$29.1B
2-year linear forecast
Predictive Outlook
Population forecast
20242,417
20252,542 *
20262,528 *
R² = 2.2% · * projected
GDP forecast
2024$29.1B
2025$31.2B *
2026$33.0B *
R² = 99.2% · * 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$189,188/yr
Median rent$2,293/mo
Rent share of income14.5%
Est. mortgage (30yr, 6.5%)$28,313/yr
Mortgage share of income15.0%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate4.6%
State avg6.3%
U.S. avg5.2%
Labor force participation79.8%
Poverty rate1.7%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$466,600
Median monthly rent$2,293
Price-to-rent ratio17.0x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score53/100
Economic growth74/100
Labor market57/100
Population momentum5/100
Overall stability61/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.