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EconPulse

Local economy signal dashboard

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PLACEThriving

Magna Metro Township, UT

Thriving overall. Population is the clearest support signal, while housing needs the most attention. Housing reads as affordable for a median-income household.

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Overall score79out of 100
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74
72
100
70
99

Population

30,031

Data freshness

Unknown

GDP / Output

+5.0% YoY

74

$153.8B

Output changed +5.0% in 2024.

Vintage date unknown

State growth5.7%
U.S. growth5.3%

Jobs

Unemployment rate

72

3.6%

Unemployment is 3.6% for April 2026.

Vintage date unknown

State avg3.6%
U.S. avg5.2%

Population

+11.1% 5-year

100

30,031

Population moved +11.1% over the latest ACS window.

Vintage date unknown

State population3,392,331
U.S. population334,922,499

Housing

Rent share of income

70

21.6%

Median rent consumes 21.6% of median household income: Affordable.

Vintage date unknown

State rent$1.5K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.0K per resident

99

$9.4B

$9.4B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$29.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$9.4B

$8.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$4.0B
2. Department of Health and Human Services$1.6B
3. Department of Education$942.5M

Top recipients

Dollars
1. WESTERN GOVERNORS UNIVERSITY$494.0M
2. L3 TECHNOLOGIES, INC.$475.2M
3. ASAHI REFINING USA INC$339.8M

Affordable

Housing Affordability

21.6%

of median income

1BR estimate$1,333
2BR estimate$1,755
Median income$90,346
Median home value$376,200

ACS context

Quick Facts

Population

30,031

Median age

33.4

Bachelor's degree+

13.0%

Poverty rate

10.8%

Labor force participation

69.9%

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

2026-06-16

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

+2.1%

GDP CAGR

+7.5%

Federal flow

5 years

Population (5 years)
202027,029
202129,128
202229,275
202329,488
202430,031
GDP (5 years)
2020$107.0B
2021$120.8B
2022$135.4B
2023$146.5B
2024$153.8B

2-year linear forecast

Predictive Outlook

Population forecast

202430,031
202530,899 *
202631,536 *

R² = 76.7% · * projected

GDP forecast

2024$153.8B
2025$168.5B *
2026$180.4B *

R² = 98.5% · * 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$90,346/yr
Median rent$1,625/mo
Rent share of income21.6%
Est. mortgage (30yr, 6.5%)$22,827/yr
Mortgage share of income25.3%

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

employment snapshot

Job Market

Unemployment rate3.6%
State avg3.6%
U.S. avg5.2%
Labor force participation69.9%
Poverty rate10.8%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median home value$376,200
Median monthly rent$1,625
Price-to-rent ratio19.3x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score80/100
Economic growth74/100
Labor market72/100
Population momentum100/100
Overall stability79/100

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

Location Context

Magna metro township, Utah

City/Town

Part of

Salt Lake City-Murray, UT

Nearby locations

Lake Point, UTStansbury Park, UTWest Valley City, UTErda, UTKearns metro township, UT