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EconPulse

Local economy signal dashboard

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PLACEThriving

Mcgrath, MN

Thriving overall. Jobs is the clearest support signal, while population needs the most attention. Housing reads as unavailable for a median-income household.

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Overall score80out of 100
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99
100
0
NA
100

Population

28

Data freshness

Unknown

GDP / Output

+8.5% YoY

99

$673.7M

Output changed +8.5% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

100

0.0%

Unemployment is 0.0% for Latest available.

Vintage date unknown

State avg4.5%
U.S. avg4.3%

Population

-12.5% 5-year

0

28

Population moved -12.5% 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

$10.4K per resident

100

$163.8M

$163.8M 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

$163.8M

$10.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$118.1M
2. Department of Veterans Affairs$12.9M
3. Department of Transportation$9.9M

Top recipients

Dollars
1. REDACTED DUE TO PII$8.8M
2. MINNESOTA DEPARTMENT OF TRANSPORTATION$7.5M
3. MILLE LACS BAND OF OJIBWE$6.0M

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median incomeUnavailable
Median home value$72,500

ACS context

Quick Facts

Population

28

Median age

68.5

Bachelor's degree+

3.6%

Poverty rate

67.9%

Labor force participation

7.1%

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

-2.6%

GDP CAGR

+5.9%

Federal flow

5 years

Population (5 years)
202032
202126
202224
202329
202428
GDP (5 years)
2020$505.7M
2021$572.5M
2022$577.4M
2023$620.7M
2024$673.7M

2-year linear forecast

Predictive Outlook

Population forecast

202428
202526 *
202626 *

R² = 6.8% · * projected

GDP forecast

2024$673.7M
2025$705.2M *
2026$743.6M *

R² = 95.1% · * 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 rate0.0%
State avg4.5%
U.S. avg4.3%
Labor force participation7.1%
Poverty rate67.9%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$72,500

composite score

Investment Climate

Investment climateStrong
Composite score75/100
Economic growth99/100
Labor market100/100
Population momentum0/100
Overall stability80/100

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

Location Context

McGrath city, Minnesota

City/Town

Part of

Minnesota

Nearby locations

Isle, MNWahkon, MNFinlayson, MNDenham, MNRutledge, MN