Skip to main content

EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Independence, OH

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

Post on XLinkedIn
Overall score87out of 100
Compare
75
100
81
80
97

Population

7,534

Data freshness

Unknown

GDP / Output

+5.1% YoY

75

$135.9B

Output changed +5.1% in 2024.

Vintage date unknown

State growth4.4%
U.S. growth5.3%

Jobs

Unemployment rate

100

1.5%

Unemployment is 1.5% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

+5.1% 5-year

81

7,534

Population moved +5.1% over the latest ACS window.

Vintage date unknown

State population11,810,293
U.S. population334,922,499

Housing

Rent share of income

80

14.3%

Median rent consumes 14.3% 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

$7.8K per resident

97

$9.9B

$9.9B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$9.9B

$7.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$6.3B
2. Department of Health and Human Services$1.5B
3. Department of Veterans Affairs$525.5M

Top recipients

Dollars
1. CUYAHOGA METROPOLITAN HOUSING AUTHORITY$260.8M
2. CASE WESTERN RESERVE UNIVERSITY$204.2M
3. OHIO DEPARTMENT OF TRANSPORTATION$156.5M

Affordable

Housing Affordability

14.3%

of median income

1BR estimate$1,134
2BR estimate$1,494
Median income$115,733
Median home value$309,900

ACS context

Quick Facts

Population

7,534

Median age

48.4

Bachelor's degree+

47.4%

Poverty rate

2.4%

Labor force participation

64.1%

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

+1.0%

GDP CAGR

+5.9%

Federal flow

5 years

Population (5 years)
20207,167
20217,512
20227,539
20237,543
20247,534
GDP (5 years)
2020$102.2B
2021$111.0B
2022$122.2B
2023$129.3B
2024$135.9B

2-year linear forecast

Predictive Outlook

Population forecast

20247,534
20257,689 *
20267,765 *

R² = 54.6% · * projected

GDP forecast

2024$135.9B
2025$145.9B *
2026$154.5B *

R² = 99.0% · * 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$115,733/yr
Median rent$1,383/mo
Rent share of income14.3%
Est. mortgage (30yr, 6.5%)$18,804/yr
Mortgage share of income16.2%

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

employment snapshot

Job Market

Unemployment rate1.5%
State avg4.8%
U.S. avg5.2%
Labor force participation64.1%
Poverty rate2.4%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$309,900
Median monthly rent$1,383
Price-to-rent ratio18.7x

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

composite score

Investment Climate

Investment climateStrong
Composite score85/100
Economic growth75/100
Labor market100/100
Population momentum81/100
Overall stability87/100

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

Location Context

Independence city, Ohio

City/Town

Part of

Cleveland, OH

Nearby locations

Valley View, OHSeven Hills, OHGarfield Heights, OHBrooklyn Heights, OHWalton Hills, OH