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EconPulse

Local economy signal dashboard

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PLACEThriving

Hopkins Park, IL

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

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Overall score82out of 100
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74
100
87
64
86

Population

627

Data freshness

Unknown

GDP / Output

+5.0% YoY

74

$8.5B

Output changed +5.0% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

100

0.0%

Unemployment is 0.0% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

+6.1% 5-year

87

627

Population moved +6.1% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

64

25.9%

Median rent consumes 25.9% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.4K per resident

86

$689.3M

$689.3M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$689.3M

$6.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$554.8M
2. Department of Veterans Affairs$65.4M
3. Department of Agriculture$16.0M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF VETERANS' AFFAIRS$18.6M
2. REDACTED DUE TO PII$14.5M
3. ILLINOIS DEPARTMENT OF TRANSPORTATION$14.1M

Affordable

Housing Affordability

25.9%

of median income

1BR estimate$542
2BR estimate$714
Median income$30,660
Median home value$91,700

ACS context

Quick Facts

Population

627

Median age

44.1

Bachelor's degree+

12.7%

Poverty rate

30.6%

Labor force participation

44.5%

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

+5.5%

Federal flow

5 years

Population (5 years)
2020591
2021579
2022606
2023587
2024627
GDP (5 years)
2020$6.5B
2021$7.5B
2022$7.9B
2023$8.1B
2024$8.5B

2-year linear forecast

Predictive Outlook

Population forecast

2024627
2025622 *
2026630 *

R² = 44.6% · * projected

GDP forecast

2024$8.5B
2025$9.1B *
2026$9.6B *

R² = 93.7% · * 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$30,660/yr
Median rent$661/mo
Rent share of income25.9%
Est. mortgage (30yr, 6.5%)$5,564/yr
Mortgage share of income18.1%

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

employment snapshot

Job Market

Unemployment rate0.0%
State avg5.1%
U.S. avg5.2%
Labor force participation44.5%
Poverty rate30.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$91,700
Median monthly rent$661
Price-to-rent ratio11.6x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateStrong
Composite score85/100
Economic growth74/100
Labor market100/100
Population momentum87/100
Overall stability82/100

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

Location Context

Hopkins Park village, Illinois

City/Town

Part of

Kankakee, IL

Nearby locations

St. Anne, ILMomence, ILSun River Terrace, ILBeaverville, ILPapineau, IL