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EconPulse

Local economy signal dashboard

Saved
PLACEStable

Melvin, MI

Stable overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as unavailable for a median-income household.

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Overall score35out of 100
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80
0
0
NA
100

Population

139

Data freshness

Unknown

GDP / Output

+5.8% YoY

80

$1.7B

Output changed +5.8% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

0

15.3%

Unemployment is 15.3% for Latest available.

Vintage date unknown

State avg5.7%
U.S. avg5.2%

Population

-28.0% 5-year

0

139

Population moved -28.0% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

NA

Unavailable

Housing affordability could not be calculated.

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

$8.3K per resident

100

$336.1M

$336.1M 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

$336.1M

$8.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$275.7M
2. Department of Veterans Affairs$22.0M
3. Department of Agriculture$17.2M

Top recipients

Dollars
1. REDACTED DUE TO PII$14.5M
2. TRANSPORTATION, MICHIGAN DEPARTMENT OF$13.8M
3. MCKENZIE MEMORIAL HOSPITAL$1.7M

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median income$42,083
Median home value$95,000

ACS context

Quick Facts

Population

139

Median age

49.5

Bachelor's degree+

3.5%

Poverty rate

11.5%

Labor force participation

55.4%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

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

-6.4%

GDP CAGR

+7.5%

Federal flow

5 years

Population (5 years)
2020193
2021173
2022188
2023203
2024139
GDP (5 years)
2020$1.2B
2021$1.4B
2022$1.6B
2023$1.7B
2024$1.7B

2-year linear forecast

Predictive Outlook

Population forecast

2024139
2025156 *
2026148 *

R² = 24.4% · * projected

GDP forecast

2024$1.7B
2025$1.9B *
2026$2.0B *

R² = 97.1% · * 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 affordability breakdown

Cost of Living

Median household income$42,083/yr
Est. mortgage (30yr, 6.5%)$5,764/yr
Mortgage share of income13.7%

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

employment snapshot

Job Market

Unemployment rate15.3%
State avg5.7%
U.S. avg5.2%
Labor force participation55.4%
Poverty rate11.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$95,000

composite score

Investment Climate

Investment climateWeak
Composite score33/100
Economic growth80/100
Labor market0/100
Population momentum0/100
Overall stability35/100

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

Location Context

Melvin village, Michigan

City/Town

Part of

Michigan

Nearby locations

Yale, MIPeck, MIBrown City, MICapac, MICroswell, MI