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EconPulse

Local economy signal dashboard

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PLACEStable

Moose Lake, MN

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

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Overall score55out of 100
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83
0
63
76
97

Population

2,863

Data freshness

Unknown

GDP / Output

+6.4% YoY

83

$1.9B

Output changed +6.4% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

0

12.1%

Unemployment is 12.1% for Latest available.

Vintage date unknown

State avg4.1%
U.S. avg5.2%

Population

+2.1% 5-year

63

2,863

Population moved +2.1% over the latest ACS window.

Vintage date unknown

State population5,739,445
U.S. population334,922,499

Housing

Rent share of income

76

16.9%

Median rent consumes 16.9% of median household income: Affordable.

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

$7.8K per resident

97

$281.0M

$281.0M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$242.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$281.0M

$7.8K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$201.2M
2. Department of Veterans Affairs$30.2M
3. Department of the Interior$9.1M

Top recipients

Dollars
1. FOND DU LAC RESERVATION$22.9M
2. FOND DU LAC TRIBAL AND COMMUNITY COLLEGE$5.7M
3. J. F. BRENNAN COMPANY, INC.$3.3M

Affordable

Housing Affordability

16.9%

of median income

1BR estimate$744
2BR estimate$980
Median income$64,286
Median home value$205,000

ACS context

Quick Facts

Population

2,863

Median age

43.8

Bachelor's degree+

9.4%

Poverty rate

51.2%

Labor force participation

17.1%

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

+0.4%

GDP CAGR

+6.1%

Federal flow

5 years

Population (5 years)
20202,804
20213,258
20223,282
20233,297
20242,863
GDP (5 years)
2020$1.4B
2021$1.6B
2022$1.7B
2023$1.8B
2024$1.9B

2-year linear forecast

Predictive Outlook

Population forecast

20242,863
20253,148 *
20263,164 *

R² = 1.0% · * projected

GDP forecast

2024$1.9B
2025$2.0B *
2026$2.2B *

R² = 95.5% · * 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$64,286/yr
Median rent$907/mo
Rent share of income16.9%
Est. mortgage (30yr, 6.5%)$12,439/yr
Mortgage share of income19.3%

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

employment snapshot

Job Market

Unemployment rate12.1%
State avg4.1%
U.S. avg5.2%
Labor force participation17.1%
Poverty rate51.2%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$205,000
Median monthly rent$907
Price-to-rent ratio18.8x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateModerate
Composite score51/100
Economic growth83/100
Labor market0/100
Population momentum63/100
Overall stability55/100

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

Location Context

Moose Lake city, Minnesota

City/Town

Part of

Duluth, MN-WI

Nearby locations

Barnum, MNSturgeon Lake, MNKettle River, MNMahtowa, MNWillow River, MN