GDP / Output
+3.2% YoY
61
$88.4B
Output changed +3.2% in 2024.
Vintage date unknown
State growth5.6%
U.S. growth5.3%
Jobs
Unemployment rate
56
4.4%
Unemployment is 4.4% for April 2026.
Vintage date unknown
State avg3.6%
U.S. avg4.3%
Population
-4.9% 5-year
21
618,980
Population moved -4.9% over the latest ACS window.
Vintage date unknown
State population7,066,383
U.S. population334,922,499
Housing
Rent share of income
62
27.4%
Median rent consumes 27.4% of median household income: Affordable.
Vintage date unknown
State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$6.9K per resident
90
$6.4B
$6.4B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$121.4B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$6.4B
$6.9K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$4.0B
2. Department of Defense$680.4M
3. Department of Veterans Affairs$593.4M
Top recipients
Dollars1. FEDERAL EXPRESS CORPORATION$337.5M
2. ST JUDE CHILDREN'S RESEARCH HOSPITAL INC$138.0M
3. MEMPHIS HOUSING AUTHORITY$119.1M
Affordable
Housing Affordability
27.4%
of median income
1BR estimate$968
2BR estimate$1,275
Median income$51,736
Median home value$169,000
ACS context
Quick Facts
Population
618,980
Median age
34.2
Bachelor's degree+
28.0%
Poverty rate
23.1%
Labor force participation
63.8%
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
2026-06-10
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
-1.0%
GDP CAGR
+5.4%
Federal flow
5 years
Population (5 years)
2020650,910
2021634,139
2022630,027
2023629,063
2024618,980
GDP (5 years)
2020$67.9B
2021$75.4B
2022$80.1B
2023$85.7B
2024$88.4B
2-year linear forecast
Predictive Outlook
Population forecast
2024618,980
2025611,943 *
2026605,049 *
R² = 87.6% · * projected
GDP forecast
2024$88.4B
2025$94.9B *
2026$100.0B *
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$51,736/yr
Median rent$1,181/mo
Rent share of income27.4%
Est. mortgage (30yr, 6.5%)$10,255/yr
Mortgage share of income19.8%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate4.4%
State avg3.6%
U.S. avg4.3%
Labor force participation63.8%
Poverty rate23.1%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$169,000
Median monthly rent$1,181
Price-to-rent ratio11.9x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score51/100
Economic growth61/100
Labor market56/100
Population momentum21/100
Overall stability57/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.