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EconPulse

Local economy signal dashboard

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PLACEThriving

Midland, NC

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

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Overall score92out of 100
Compare
100
95
100
77
NA

Population

4,860

Data freshness

Unknown

GDP / Output

+9.8% YoY

100

$13.0B

Output changed +9.8% in 2024.

Vintage date unknown

State growth6.2%
U.S. growth5.3%

Jobs

Unemployment rate

95

1.8%

Unemployment is 1.8% for Latest available.

Vintage date unknown

State avg4.7%
U.S. avg4.3%

Population

+31.3% 5-year

100

4,860

Population moved +31.3% over the latest ACS window.

Vintage date unknown

State population10,730,404
U.S. population334,922,499

Housing

Rent share of income

77

16.8%

Median rent consumes 16.8% 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

Unavailable per resident

NA

Unavailable

Federal spending data is unavailable for this geography.

Vintage date unknown

State total$129.4B
U.S. total$5.3T
USAspending federal inflow temporarily unavailable.

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

Unavailable

No federal obligations were reported for this geography.

Top agencies

Dollars

No agencies reported.

Top recipients

Dollars

No recipients reported.

Affordable

Housing Affordability

16.8%

of median income

1BR estimate$1,163
2BR estimate$1,531
Median income$101,477
Median home value$369,100

ACS context

Quick Facts

Population

4,860

Median age

38.9

Bachelor's degree+

32.9%

Poverty rate

4.1%

Labor force participation

69.1%

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

2026-06-16

HUD Fair Market Rent

Latest available

Data notes
  • USAspending federal inflow temporarily unavailable.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+5.6%

GDP CAGR

+8.9%

Federal flow

N/A

Population (5 years)
20203,702
20214,519
20224,675
20234,758
20244,860
GDP (5 years)
2020$8.5B
2021$9.5B
2022$10.5B
2023$11.8B
2024$13.0B

2-year linear forecast

Predictive Outlook

Population forecast

20244,860
20255,269 *
20265,525 *

R² = 75.6% · * projected

GDP forecast

2024$13.0B
2025$14.0B *
2026$15.2B *

R² = 99.8% · * 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$101,477/yr
Median rent$1,418/mo
Rent share of income16.8%
Est. mortgage (30yr, 6.5%)$22,396/yr
Mortgage share of income22.1%

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

employment snapshot

Job Market

Unemployment rate1.8%
State avg4.7%
U.S. avg4.3%
Labor force participation69.1%
Poverty rate4.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$369,100
Median monthly rent$1,418
Price-to-rent ratio21.7x

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

composite score

Investment Climate

Investment climateStrong
Composite score97/100
Economic growth100/100
Labor market95/100
Population momentum100/100
Overall stability92/100

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

Location Context

Midland town, North Carolina

City/Town

Part of

Charlotte-Concord-Gastonia, NC-SC

Nearby locations

Locust, NCStanfield, NCFairview, NCHarrisburg, NCMint Hill, NC