GDP / Output
+2.6% YoY
57
$374.5M
Output changed +2.6% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
15
7.1%
Unemployment is 7.1% for April 2026.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
-14.4% 5-year
0
1,790
Population moved -14.4% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
79
14.8%
Median rent consumes 14.8% of median household income: Affordable.
Vintage date unknown
State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$11.7K per resident
100
$95.6M
$95.6M in federal obligations flowed here in FY2025.
Vintage date unknown
State total$126.3B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$95.6M
$11.7K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$50.5M
2. Department of Housing and Urban Development$10.4M
3. Department of Veterans Affairs$8.4M
Top recipients
Dollars1. KEWEENAW BAY INDIAN COMMUNITY$23.3M
2. DEPARTMENT OF NATURAL RESOURCES$6.0M
3. KEWEENAW BAY OJIBWA COMMUNITY COLLEGE$1.5M
Affordable
Housing Affordability
14.8%
of median income
1BR estimate$530
2BR estimate$698
Median income$52,317
Median home value$104,100
ACS context
Quick Facts
Population
1,790
Median age
50.6
Bachelor's degree+
14.9%
Poverty rate
10.8%
Labor force participation
47.7%
Prime rate
6.8%
CPI YoY
+3.9%
U.S. GDP YoY
+5.9%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
April 2026
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-10
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
-3.1%
GDP CAGR
+5.2%
Federal flow
5 years
Population (5 years)
20202,091
20212,089
20221,942
20231,916
20241,790
GDP (5 years)
2020$290.2M
2021$321.5M
2022$337.8M
2023$364.9M
2024$374.5M
2-year linear forecast
Predictive Outlook
Population forecast
20241,790
20251,733 *
20261,656 *
R² = 92.7% · * projected
GDP forecast
2024$374.5M
2025$401.4M *
2026$422.6M *
R² = 97.4% · * 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$52,317/yr
Median rent$646/mo
Rent share of income14.8%
Est. mortgage (30yr, 6.5%)$6,317/yr
Mortgage share of income12.1%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate7.1%
State avg5.0%
U.S. avg4.3%
Labor force participation47.7%
Poverty rate10.8%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$104,100
Median monthly rent$646
Price-to-rent ratio13.4x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateWeak
Composite score32/100
Economic growth57/100
Labor market15/100
Population momentum0/100
Overall stability46/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.