GDP / Output
+5.0% YoY
74
$2.5B
Output changed +5.0% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
42
5.3%
Unemployment is 5.3% for Latest available.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
+3.4% 5-year
70
944
Population moved +3.4% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
NA
Unavailable
Housing affordability could not be calculated.
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
$7.8K per resident
97
$359.8M
$359.8M 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
$359.8M
$7.8K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$231.4M
2. Department of Veterans Affairs$31.6M
3. Department of Education$28.1M
Top recipients
Dollars1. RED LAKE RESERVATION HOUSING$11.0M
2. MINNESOTA STATE COLLEGES & UNIVERSITIES$10.0M
3. RED LAKE BAND OF CHIPPEWA INDIANS$9.3M
Unavailable
Housing Affordability
Unavailable
of median income
1BR estimateUnavailable
2BR estimateUnavailable
Median incomeUnavailable
Median home value$41,900
ACS context
Quick Facts
Population
944
Median age
23.9
Bachelor's degree+
4.1%
Poverty rate
35.5%
Labor force participation
44.8%
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
+0.7%
GDP CAGR
+5.2%
Federal flow
5 years
Population (5 years)
2020913
2021876
20221,011
20231,075
2024944
GDP (5 years)
2020$2.0B
2021$2.1B
2022$2.3B
2023$2.4B
2024$2.5B
2-year linear forecast
Predictive Outlook
Population forecast
2024944
20251,042 *
20261,068 *
R² = 27.0% · * projected
GDP forecast
2024$2.5B
2025$2.7B *
2026$2.8B *
R² = 99.4% · * 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 + income analysis
Cost of Living
Income and housing cost data unavailable for this geography.
employment snapshot
Job Market
Unemployment rate5.3%
State avg4.5%
U.S. avg4.3%
Labor force participation44.8%
Poverty rate35.5%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$41,900
composite score
Investment Climate
Investment climateModerate
Composite score62/100
Economic growth74/100
Labor market42/100
Population momentum70/100
Overall stability63/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.