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EconPulse

Local economy signal dashboard

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PLACEThriving

Lakes Of The North, MI

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

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Overall score89out of 100
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71
92
100
NA
100

Population

1,524

Data freshness

Unknown

GDP / Output

+4.6% YoY

71

$854.6M

Output changed +4.6% in 2024.

Vintage date unknown

State growth3.9%
U.S. growth5.3%

Jobs

Unemployment rate

92

2.0%

Unemployment is 2.0% for Latest available.

Vintage date unknown

State avg5.0%
U.S. avg4.3%

Population

+57.1% 5-year

100

1,524

Population moved +57.1% over the latest ACS window.

Vintage date unknown

State population10,077,761
U.S. population334,922,499

Housing

Rent share of income

NA

Unavailable

Housing affordability could not be calculated.

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

$9.7K per resident

100

$227.6M

$227.6M 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

$227.6M

$9.7K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$204.8M
2. Department of Veterans Affairs$14.6M
3. Department of Agriculture$4.1M

Top recipients

Dollars
1. REDACTED DUE TO PII$2.1M
2. BURNETTE FOODS, INC.$1.8M
3. TRANSPORTATION, MICHIGAN DEPARTMENT OF$1.3M

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median income$82,188
Median home value$232,100

ACS context

Quick Facts

Population

1,524

Median age

45.3

Bachelor's degree+

27.4%

Poverty rate

9.3%

Labor force participation

55.6%

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

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-16

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

+9.5%

GDP CAGR

+7.0%

Federal flow

5 years

Population (5 years)
2020970
2021989
20221,031
20231,076
20241,524
GDP (5 years)
2020$609.0M
2021$698.5M
2022$748.3M
2023$816.9M
2024$854.6M

2-year linear forecast

Predictive Outlook

Population forecast

20241,524
20251,477 *
20261,596 *

R² = 67.1% · * projected

GDP forecast

2024$854.6M
2025$928.3M *
2026$989.3M *

R² = 98.2% · * 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$82,188/yr
Est. mortgage (30yr, 6.5%)$14,083/yr
Mortgage share of income17.1%

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

employment snapshot

Job Market

Unemployment rate2.0%
State avg5.0%
U.S. avg4.3%
Labor force participation55.6%
Poverty rate9.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$232,100

composite score

Investment Climate

Investment climateStrong
Composite score87/100
Economic growth71/100
Labor market92/100
Population momentum100/100
Overall stability89/100

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

Location Context

Lakes of the North CDP, Michigan

City/Town

Part of

Michigan

Nearby locations

Alba, MIMancelona, MIGaylord, MIManistee Lake, MIBear Lake, MI