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EconPulse

Local economy signal dashboard

Saved
PLACEStable

Mill Shoals, IL

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

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Overall score57out of 100
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61
69
0
NA
100

Population

126

Data freshness

Unknown

GDP / Output

+3.1% YoY

61

$724.4M

Output changed +3.1% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

69

3.8%

Unemployment is 3.8% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

-26.3% 5-year

0

126

Population moved -26.3% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

NA

Unavailable

Housing affordability could not be calculated.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.5K per resident

100

$118.4M

$118.4M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$118.4M

$8.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$84.6M
2. Department of Agriculture$11.2M
3. Department of Veterans Affairs$8.7M

Top recipients

Dollars
1. REDACTED DUE TO PII$10.3M
2. WABASH AREA DEVELOPMENT INC$6.0M
3. ILLINOIS DEPARTMENT OF TRANSPORTATION$4.4M

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median income$58,875
Median home value$65,800

ACS context

Quick Facts

Population

126

Median age

56.5

Bachelor's degree+

17.5%

Poverty rate

13.5%

Labor force participation

46.9%

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

-5.9%

GDP CAGR

+10.1%

Federal flow

5 years

Population (5 years)
2020171
2021173
2022167
2023138
2024126
GDP (5 years)
2020$448.1M
2021$546.8M
2022$646.1M
2023$702.4M
2024$724.4M

2-year linear forecast

Predictive Outlook

Population forecast

2024126
2025118 *
2026105 *

R² = 84.3% · * projected

GDP forecast

2024$724.4M
2025$826.0M *
2026$896.8M *

R² = 94.5% · * 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$58,875/yr
Est. mortgage (30yr, 6.5%)$3,993/yr
Mortgage share of income6.8%

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

employment snapshot

Job Market

Unemployment rate3.8%
State avg5.1%
U.S. avg5.2%
Labor force participation46.9%
Poverty rate13.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$65,800

composite score

Investment Climate

Investment climateModerate
Composite score50/100
Economic growth61/100
Labor market69/100
Population momentum0/100
Overall stability57/100

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

Location Context

Mill Shoals village, Illinois

City/Town

Part of

Illinois

Nearby locations

Burnt Prairie, ILSpringerton, ILFairfield, ILEnfield, ILGolden Gate, IL