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EconPulse

Local economy signal dashboard

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PLACEThriving

Mcbain, MI

Thriving overall. GDP / Output is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score71out of 100
Compare
100
48
35
89
95

Population

706

Data freshness

Unknown

GDP / Output

+16.4% YoY

100

$677.7M

Output changed +16.4% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

48

4.9%

Unemployment is 4.9% for April 2026.

Vintage date unknown

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

Population

-2.5% 5-year

35

706

Population moved -2.5% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

89

7.6%

Median rent consumes 7.6% 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

$7.5K per resident

95

$112.3M

$112.3M 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

$112.3M

$7.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$98.3M
2. Department of Veterans Affairs$7.9M
3. Department of Agriculture$3.4M

Top recipients

Dollars
1. TRANSPORTATION, MICHIGAN DEPARTMENT OF$2.3M
2. REDACTED DUE TO PII$1.3M
3. LITTLE TOWN JERKY COMPANY$1.0M

Affordable

Housing Affordability

7.6%

of median income

1BR estimate$244
2BR estimate$322
Median income$47,083
Median home value$141,700

ACS context

Quick Facts

Population

706

Median age

37.8

Bachelor's degree+

9.6%

Poverty rate

12.3%

Labor force participation

56.4%

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

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

-0.5%

GDP CAGR

+9.5%

Federal flow

5 years

Population (5 years)
2020724
2021753
2022747
2023825
2024706
GDP (5 years)
2020$430.4M
2021$490.3M
2022$555.4M
2023$582.2M
2024$677.7M

2-year linear forecast

Predictive Outlook

Population forecast

2024706
2025762 *
2026765 *

R² = 1.6% · * projected

GDP forecast

2024$677.7M
2025$723.2M *
2026$781.8M *

R² = 97.7% · * 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$47,083/yr
Median rent$298/mo
Rent share of income7.6%
Est. mortgage (30yr, 6.5%)$8,598/yr
Mortgage share of income18.3%

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

employment snapshot

Job Market

Unemployment rate4.9%
State avg5.0%
U.S. avg4.3%
Labor force participation56.4%
Poverty rate12.3%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median home value$141,700
Median monthly rent$298
Price-to-rent ratio39.6x

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

composite score

Investment Climate

Investment climateModerate
Composite score67/100
Economic growth100/100
Labor market48/100
Population momentum35/100
Overall stability71/100

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

Location Context

McBain city, Michigan

City/Town

Part of

Cadillac, MI

Nearby locations

Falmouth, MIMarion, MILake City, MIJennings, MIHaring, MI