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EconPulse

Local economy signal dashboard

Saved
PLACEStable

Kerkhoven, MN

Stable overall. Population is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score58out of 100
Compare
36
17
100
83
97

Population

802

Data freshness

Unknown

GDP / Output

-0.4% YoY

36

$799.9M

Output changed -0.4% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

17

7.3%

Unemployment is 7.3% for Latest available.

Vintage date unknown

State avg4.1%
U.S. avg5.2%

Population

+12.3% 5-year

100

802

Population moved +12.3% over the latest ACS window.

Vintage date unknown

State population5,739,445
U.S. population334,922,499

Housing

Rent share of income

83

12.3%

Median rent consumes 12.3% 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

$7.7K per resident

97

$76.2M

$76.2M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$242.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$76.2M

$7.7K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$49.4M
2. Department of Agriculture$15.7M
3. Department of Veterans Affairs$5.9M

Top recipients

Dollars
1. REDACTED DUE TO PII$15.0M
2. AERO SPRAY INC$2.8M
3. DANVERS FIRE DEPARTMENT$461.6K

Affordable

Housing Affordability

12.3%

of median income

1BR estimate$611
2BR estimate$805
Median income$72,813
Median home value$166,000

ACS context

Quick Facts

Population

802

Median age

38.7

Bachelor's degree+

14.8%

Poverty rate

5.7%

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

+2.4%

GDP CAGR

+9.7%

Federal flow

5 years

Population (5 years)
2020714
2021754
2022837
2023826
2024802
GDP (5 years)
2020$503.0M
2021$585.0M
2022$754.8M
2023$802.9M
2024$799.9M

2-year linear forecast

Predictive Outlook

Population forecast

2024802
2025861 *
2026886 *

R² = 57.7% · * projected

GDP forecast

2024$799.9M
2025$932.6M *
2026$1.0B *

R² = 87.8% · * 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$72,813/yr
Median rent$745/mo
Rent share of income12.3%
Est. mortgage (30yr, 6.5%)$10,073/yr
Mortgage share of income13.8%

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

employment snapshot

Job Market

Unemployment rate7.3%
State avg4.1%
U.S. avg5.2%
Labor force participation64.1%
Poverty rate5.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$166,000
Median monthly rent$745
Price-to-rent ratio18.6x

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

composite score

Investment Climate

Investment climateModerate
Composite score50/100
Economic growth36/100
Labor market17/100
Population momentum100/100
Overall stability58/100

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

Location Context

Kerkhoven city, Minnesota

City/Town

Part of

Minnesota

Nearby locations

Murdock, MNPennock, MNDe Graff, MNSunburg, MNRaymond, MN