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EconPulse

Local economy signal dashboard

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PLACEThriving

Morgan, MN

Thriving overall. Population 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 score75out of 100
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82
54
100
69
100

Population

925

Data freshness

Unknown

GDP / Output

+6.1% YoY

82

$1.5B

Output changed +6.1% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

54

4.8%

Unemployment is 4.8% for June 2026.

Vintage date unknown

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

Population

+9.6% 5-year

100

925

Population moved +9.6% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

69

21.9%

Median rent consumes 21.9% 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

$9.4K per resident

100

$145.2M

$145.2M 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

$145.2M

$9.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$82.8M
2. Department of Agriculture$39.4M
3. Department of Veterans Affairs$7.6M

Top recipients

Dollars
1. REDACTED DUE TO PII$36.5M
2. LOWER SIOUX INDIAN COMMUNITY IN THE STATE OF MINNESOTA$7.3M
3. CITY OF REDWOOD FALLS$4.1M

Affordable

Housing Affordability

21.9%

of median income

1BR estimate$835
2BR estimate$1,099
Median income$55,833
Median home value$117,400

ACS context

Quick Facts

Population

925

Median age

41.4

Bachelor's degree+

19.2%

Poverty rate

11.8%

Labor force participation

60.1%

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

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

+1.8%

GDP CAGR

+11.5%

Federal flow

5 years

Population (5 years)
2020844
2021864
2022870
2023862
2024925
GDP (5 years)
2020$866.1M
2021$1.1B
2022$1.3B
2023$1.4B
2024$1.5B

2-year linear forecast

Predictive Outlook

Population forecast

2024925
2025921 *
2026937 *

R² = 68.2% · * projected

GDP forecast

2024$1.5B
2025$1.7B *
2026$1.9B *

R² = 96.7% · * 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$55,833/yr
Median rent$1,018/mo
Rent share of income21.9%
Est. mortgage (30yr, 6.5%)$7,124/yr
Mortgage share of income12.8%

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

employment snapshot

Job Market

Unemployment rate4.8%
State avg4.1%
U.S. avg5.2%
Labor force participation60.1%
Poverty rate11.8%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$117,400
Median monthly rent$1,018
Price-to-rent ratio9.6x

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

composite score

Investment Climate

Investment climateStrong
Composite score77/100
Economic growth82/100
Labor market54/100
Population momentum100/100
Overall stability75/100

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

Location Context

Morgan city, Minnesota

City/Town

Part of

Minnesota

Nearby locations

Evan, MNClements, MNFranklin, MNMorton, MNCobden, MN