GDP / Output
+4.7% YoY
72
$30.6B
Output changed +4.7% in 2024.
Vintage date unknown
State growth5.5%
U.S. growth5.3%
Jobs
Unemployment rate
5
7.7%
Unemployment is 7.7% for Latest available.
Vintage date unknown
State avg4.4%
U.S. avg4.1%
Population
-5.8% 5-year
15
37,813
Population moved -5.8% over the latest ACS window.
Vintage date unknown
State population7,044,056
U.S. population334,922,499
Housing
Rent share of income
68
22.9%
Median rent consumes 22.9% of median household income: Affordable.
Vintage date unknown
State rent$1.8K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$7.5K per resident
95
$3.5B
$3.5B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$103.3B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$3.5B
$7.5K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$2.5B
2. Department of Veterans Affairs$265.4M
3. Department of Housing and Urban Development$198.1M
Top recipients
Dollars1. SUBLIME SYSTEMS, INC.$86.9M
2. VETERANS' HOME IN HOLYOKE$59.1M
3. SPRINGFIELD HOUSING AUTHORITY$57.6M
Affordable
Housing Affordability
22.9%
of median income
1BR estimate$837
2BR estimate$1,103
Median income$53,605
Median home value$274,100
ACS context
Quick Facts
Population
37,813
Median age
40.0
Bachelor's degree+
25.9%
Poverty rate
27.0%
Labor force participation
54.4%
Prime rate
6.8%
CPI YoY
+3.0%
U.S. GDP YoY
+6.6%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-09-15
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
+4.9%
Federal flow
5 years
Population (5 years)
202040,161
202138,480
202238,210
202337,949
202437,813
GDP (5 years)
2020$24.1B
2021$26.0B
2022$27.5B
2023$29.2B
2024$30.6B
2-year linear forecast
Predictive Outlook
Population forecast
202437,813
202536,955 *
202636,432 *
R² = 75.5% · * projected
GDP forecast
2024$30.6B
2025$32.3B *
2026$34.0B *
R² = 99.8% · * 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$53,605/yr
Median rent$1,021/mo
Rent share of income22.9%
Est. mortgage (30yr, 6.5%)$16,632/yr
Mortgage share of income31.0%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate7.7%
State avg4.4%
U.S. avg4.1%
Labor force participation54.4%
Poverty rate27.0%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$274,100
Median monthly rent$1,021
Price-to-rent ratio22.4x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateModerate
Composite score37/100
Economic growth72/100
Labor market5/100
Population momentum15/100
Overall stability45/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.