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EconPulse

Local economy signal dashboard

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PLACEThriving

Kill Devil Hills, NC

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

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Overall score77out of 100
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57
81
92
70
100

Population

7,761

Data freshness

Unknown

GDP / Output

+2.6% YoY

57

$3.1B

Output changed +2.6% in 2024.

Vintage date unknown

State growth6.2%
U.S. growth5.3%

Jobs

Unemployment rate

81

3.0%

Unemployment is 3.0% for June 2026.

Vintage date unknown

State avg3.6%
U.S. avg5.2%

Population

+7.1% 5-year

92

7,761

Population moved +7.1% over the latest ACS window.

Vintage date unknown

State population10,730,404
U.S. population334,922,499

Housing

Rent share of income

70

21.7%

Median rent consumes 21.7% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$9.6K per resident

100

$353.0M

$353.0M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$353.0M

$9.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$272.4M
2. Department of Defense$32.6M
3. Department of Veterans Affairs$23.7M

Top recipients

Dollars
1. EASTERN SHAWNEE - BAY WEST JV, LLC$14.4M
2. TRANSPORTATION NORTH CAROLINA DEPARTMENT$11.0M
3. BAY WEST LLC$7.6M

Affordable

Housing Affordability

21.7%

of median income

1BR estimate$1,333
2BR estimate$1,756
Median income$89,773
Median home value$442,200

ACS context

Quick Facts

Population

7,761

Median age

48.5

Bachelor's degree+

44.8%

Poverty rate

9.1%

Labor force participation

69.0%

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

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

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

+1.4%

GDP CAGR

+6.0%

Federal flow

5 years

Population (5 years)
20207,249
20217,541
20227,658
20237,727
20247,761
GDP (5 years)
2020$2.3B
2021$2.7B
2022$2.9B
2023$3.0B
2024$3.1B

2-year linear forecast

Predictive Outlook

Population forecast

20247,761
20257,950 *
20268,071 *

R² = 85.5% · * projected

GDP forecast

2024$3.1B
2025$3.4B *
2026$3.5B *

R² = 88.8% · * 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$89,773/yr
Median rent$1,626/mo
Rent share of income21.7%
Est. mortgage (30yr, 6.5%)$26,832/yr
Mortgage share of income29.9%

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

employment snapshot

Job Market

Unemployment rate3.0%
State avg3.6%
U.S. avg5.2%
Labor force participation69.0%
Poverty rate9.1%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$442,200
Median monthly rent$1,626
Price-to-rent ratio22.7x

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

composite score

Investment Climate

Investment climateStrong
Composite score75/100
Economic growth57/100
Labor market81/100
Population momentum92/100
Overall stability77/100

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

Location Context

Kill Devil Hills town, North Carolina

City/Town

Part of

Kill Devil Hills, NC

Nearby locations

Kitty Hawk, NCNags Head, NCSouthern Shores, NCManteo, NCManns Harbor, NC