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EconPulse

Local economy signal dashboard

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PLACEThriving

Lake Norman Of Catawba, NC

Thriving overall. Population 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 score80out of 100
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68
71
100
80
97

Population

9,906

Data freshness

Unknown

GDP / Output

+4.1% YoY

68

$12.4B

Output changed +4.1% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

71

3.4%

Unemployment is 3.4% for April 2026.

Vintage date unknown

State avg3.7%
U.S. avg4.3%

Population

+13.8% 5-year

100

9,906

Population moved +13.8% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

80

14.0%

Median rent consumes 14.0% 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

$7.8K per resident

97

$1.3B

$1.3B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.3B

$7.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.0B
2. Department of Veterans Affairs$122.0M
3. Department of Homeland Security$47.8M

Top recipients

Dollars
1. FLUOR FEDERAL SERVICES INC$36.7M
2. WESTERN PIEDMONT COUNCIL OF GOVERNMENTS$13.8M
3. TRANSPORTATION NORTH CAROLINA DEPARTMENT$9.8M

Affordable

Housing Affordability

14.0%

of median income

1BR estimate$1,082
2BR estimate$1,425
Median income$112,656
Median home value$492,600

ACS context

Quick Facts

Population

9,906

Median age

51.2

Bachelor's degree+

44.0%

Poverty rate

4.2%

Labor force participation

60.6%

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

+2.6%

GDP CAGR

+6.1%

Federal flow

5 years

Population (5 years)
20208,701
20218,441
20228,998
20239,308
20249,906
GDP (5 years)
2020$9.2B
2021$10.2B
2022$11.4B
2023$11.9B
2024$12.4B

2-year linear forecast

Predictive Outlook

Population forecast

20249,906
202510,054 *
202610,382 *

R² = 83.1% · * projected

GDP forecast

2024$12.4B
2025$13.4B *
2026$14.3B *

R² = 96.6% · * 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$112,656/yr
Median rent$1,319/mo
Rent share of income14.0%
Est. mortgage (30yr, 6.5%)$29,890/yr
Mortgage share of income26.5%

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

employment snapshot

Job Market

Unemployment rate3.4%
State avg3.7%
U.S. avg4.3%
Labor force participation60.6%
Poverty rate4.2%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median home value$492,600
Median monthly rent$1,319
Price-to-rent ratio31.1x

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

composite score

Investment Climate

Investment climateStrong
Composite score78/100
Economic growth68/100
Labor market71/100
Population momentum100/100
Overall stability80/100

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

Location Context

Lake Norman of Catawba CDP, North Carolina

City/Town

Part of

Hickory-Lenoir-Morganton, NC

Nearby locations

Lake Norman of Iredell, NCDenver, NCWestport, NCCatawba, NCTroutman, NC