GDP / Output
-7.5% YoY
0
$2.6B
Output changed -7.5% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
23
6.6%
Unemployment is 6.6% for Latest available.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
-19.1% 5-year
0
592
Population moved -19.1% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
82
12.5%
Median rent consumes 12.5% 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
$9.3K per resident
100
$419.9M
$419.9M 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
$419.9M
$9.3K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$325.7M
2. Department of Veterans Affairs$44.2M
3. Department of Health and Human Services$12.7M
Top recipients
Dollars1. LEECH LAKE BAND OF OJIBWE$11.8M
2. MINNESOTA DEPARTMENT OF TRANSPORTATION$7.4M
3. ITASCA COUNTY HRA$3.0M
Affordable
Housing Affordability
12.5%
of median income
1BR estimate$595
2BR estimate$783
Median income$69,375
Median home value$212,800
ACS context
Quick Facts
Population
592
Median age
49.8
Bachelor's degree+
18.6%
Poverty rate
6.7%
Labor force participation
52.4%
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
Latest available
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
-4.2%
GDP CAGR
+4.4%
Federal flow
5 years
Population (5 years)
2020732
2021601
2022623
2023621
2024592
GDP (5 years)
2020$2.1B
2021$2.4B
2022$2.6B
2023$2.8B
2024$2.6B
2-year linear forecast
Predictive Outlook
Population forecast
2024592
2025556 *
2026530 *
R² = 53.0% · * projected
GDP forecast
2024$2.6B
2025$2.9B *
2026$3.0B *
R² = 66.9% · * 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$69,375/yr
Median rent$725/mo
Rent share of income12.5%
Est. mortgage (30yr, 6.5%)$12,912/yr
Mortgage share of income18.6%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate6.6%
State avg4.5%
U.S. avg4.3%
Labor force participation52.4%
Poverty rate6.7%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$212,800
Median monthly rent$725
Price-to-rent ratio24.5x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateWeak
Composite score15/100
Economic growth0/100
Labor market23/100
Population momentum0/100
Overall stability37/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.