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Local economy signal dashboard

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PLACEThriving

Mentor-On-The-Lake, OH

Thriving overall. Federal Funds 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
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76
81
27
73
95

Population

7,111

Data freshness

Unknown

GDP / Output

+5.3% YoY

76

$15.7B

Output changed +5.3% in 2024.

Vintage date unknown

State growth4.4%
U.S. growth5.3%

Jobs

Unemployment rate

81

2.7%

Unemployment is 2.7% for April 2026.

Vintage date unknown

State avg3.9%
U.S. avg4.3%

Population

-3.8% 5-year

27

7,111

Population moved -3.8% over the latest ACS window.

Vintage date unknown

State population11,810,293
U.S. population334,922,499

Housing

Rent share of income

73

19.0%

Median rent consumes 19.0% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
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

$1.7B

$1.7B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.0B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.7B

$7.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.4B
2. Department of Veterans Affairs$123.5M
3. Department of Transportation$71.4M

Top recipients

Dollars
1. OHIO DEPARTMENT OF TRANSPORTATION$71.3M
2. ORDNANCE TECHNOLOGY SERVICE, INC.$18.4M
3. STERIS CORPORATION$15.3M

Affordable

Housing Affordability

19.0%

of median income

1BR estimate$871
2BR estimate$1,147
Median income$67,188
Median home value$188,500

ACS context

Quick Facts

Population

7,111

Median age

44.4

Bachelor's degree+

24.7%

Poverty rate

8.5%

Labor force participation

71.6%

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

-0.8%

GDP CAGR

+5.6%

Federal flow

5 years

Population (5 years)
20207,391
20217,135
20227,152
20237,117
20247,111
GDP (5 years)
2020$12.0B
2021$13.1B
2022$14.0B
2023$14.9B
2024$15.7B

2-year linear forecast

Predictive Outlook

Population forecast

20247,111
20257,008 *
20266,950 *

R² = 59.6% · * projected

GDP forecast

2024$15.7B
2025$16.7B *
2026$17.7B *

R² = 99.7% · * 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$67,188/yr
Median rent$1,062/mo
Rent share of income19.0%
Est. mortgage (30yr, 6.5%)$11,438/yr
Mortgage share of income17.0%

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

employment snapshot

Job Market

Unemployment rate2.7%
State avg3.9%
U.S. avg4.3%
Labor force participation71.6%
Poverty rate8.5%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median home value$188,500
Median monthly rent$1,062
Price-to-rent ratio14.8x

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

composite score

Investment Climate

Investment climateModerate
Composite score66/100
Economic growth76/100
Labor market81/100
Population momentum27/100
Overall stability71/100

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

Location Context

Mentor-on-the-Lake city, Ohio

City/Town

Part of

Cleveland, OH

Nearby locations

Mentor, OHGrand River, OHFairport Harbor, OHTimberlake, OHEastlake, OH