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EconPulse

Local economy signal dashboard

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PLACEThriving

Milan, TN

Thriving overall. Federal Funds is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score67out of 100
Compare
29
66
97
69
100

Population

8,244

Data freshness

Unknown

GDP / Output

-1.4% YoY

29

$2.0B

Output changed -1.4% in 2024.

Vintage date unknown

State growth5.6%
U.S. growth5.3%

Jobs

Unemployment rate

66

4.0%

Unemployment is 4.0% for June 2026.

Vintage date unknown

State avg4.7%
U.S. avg5.2%

Population

+7.9% 5-year

97

8,244

Population moved +7.9% over the latest ACS window.

Vintage date unknown

State population7,066,383
U.S. population334,922,499

Housing

Rent share of income

69

22.0%

Median rent consumes 22.0% 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

$8.2K per resident

100

$414.1M

$414.1M 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

$414.1M

$8.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$286.6M
2. Department of Agriculture$61.5M
3. Department of Veterans Affairs$52.4M

Top recipients

Dollars
1. BONGARDS CREAMERIES$47.1M
2. TN STATE VETERANS HOME$14.0M
3. REDACTED DUE TO PII$13.7M

Affordable

Housing Affordability

22.0%

of median income

1BR estimate$660
2BR estimate$869
Median income$43,886
Median home value$144,100

ACS context

Quick Facts

Population

8,244

Median age

36.4

Bachelor's degree+

15.6%

Poverty rate

21.3%

Labor force participation

59.6%

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

June 2026

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

+1.5%

GDP CAGR

+4.5%

Federal flow

5 years

Population (5 years)
20207,642
20218,143
20228,165
20238,194
20248,244
GDP (5 years)
2020$1.6B
2021$1.8B
2022$1.8B
2023$2.0B
2024$2.0B

2-year linear forecast

Predictive Outlook

Population forecast

20248,244
20258,454 *
20268,580 *

R² = 64.8% · * projected

GDP forecast

2024$2.0B
2025$2.2B *
2026$2.3B *

R² = 89.7% · * 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$43,886/yr
Median rent$805/mo
Rent share of income22.0%
Est. mortgage (30yr, 6.5%)$8,744/yr
Mortgage share of income19.9%

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

employment snapshot

Job Market

Unemployment rate4.0%
State avg4.7%
U.S. avg5.2%
Labor force participation59.6%
Poverty rate21.3%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$144,100
Median monthly rent$805
Price-to-rent ratio14.9x

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

composite score

Investment Climate

Investment climateModerate
Composite score61/100
Economic growth29/100
Labor market66/100
Population momentum97/100
Overall stability67/100

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

Location Context

Milan city, Tennessee

City/Town

Part of

Jackson, TN

Nearby locations

Gibson, TNAtwood, TNMedina, TNLavinia, TNTrezevant, TN