GDP / Output
+3.9% YoY
66
$23.6B
Output changed +3.9% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
78
2.9%
Unemployment is 2.9% for Latest available.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
-2.3% 5-year
36
8,249
Population moved -2.3% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
75
17.7%
Median rent consumes 17.7% of median household income: Affordable.
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
$25.9K per resident
100
$7.4B
$7.4B 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
$7.4B
$25.9K per resident in reported federal flow.
Top agencies
Dollars1. Department of Commerce$1.6B
2. Department of Education$1.5B
3. Social Security Administration$1.4B
Top recipients
Dollars1. MICHIGAN DEPARTMENT OF LABOR AND ECONOMIC OPPORTUNITY$1.7B
2. MICHIGAN DEPARTMENT OF EDUCATION$1.2B
3. STATE OF MICHIGAN$537.6M
Affordable
Housing Affordability
17.7%
of median income
1BR estimate$954
2BR estimate$1,257
Median income$79,117
Median home value$198,000
ACS context
Quick Facts
Population
8,249
Median age
40.7
Bachelor's degree+
36.6%
Poverty rate
5.3%
Labor force participation
62.4%
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
-0.5%
GDP CAGR
+5.1%
Federal flow
5 years
Population (5 years)
20208,441
20218,307
20228,284
20238,239
20248,249
GDP (5 years)
2020$18.4B
2021$19.3B
2022$21.2B
2023$22.7B
2024$23.6B
2-year linear forecast
Predictive Outlook
Population forecast
20248,249
20258,168 *
20268,123 *
R² = 77.3% · * projected
GDP forecast
2024$23.6B
2025$25.2B *
2026$26.5B *
R² = 98.6% · * 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$79,117/yr
Median rent$1,164/mo
Rent share of income17.7%
Est. mortgage (30yr, 6.5%)$12,014/yr
Mortgage share of income15.2%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate2.9%
State avg5.0%
U.S. avg4.3%
Labor force participation62.4%
Poverty rate5.3%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$198,000
Median monthly rent$1,164
Price-to-rent ratio14.2x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score64/100
Economic growth66/100
Labor market78/100
Population momentum36/100
Overall stability71/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.