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EconPulse

Local economy signal dashboard

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PLACEThriving

Mount Carmel, OH

Thriving overall. Jobs is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score84out of 100
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84
100
60
77
94

Population

4,890

Data freshness

Unknown

GDP / Output

+6.4% YoY

84

$10.6B

Output changed +6.4% in 2024.

Vintage date unknown

State growth4.4%
U.S. growth5.3%

Jobs

Unemployment rate

100

1.7%

Unemployment is 1.7% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

+1.6% 5-year

60

4,890

Population moved +1.6% over the latest ACS window.

Vintage date unknown

State population11,810,293
U.S. population334,922,499

Housing

Rent share of income

77

16.3%

Median rent consumes 16.3% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.4K per resident

94

$1.5B

$1.5B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.5B

$7.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.2B
2. Department of Defense$220.0M
3. Department of Veterans Affairs$108.6M

Top recipients

Dollars
1. L3HARRIS FUZING AND ORDNANCE SYSTEMS, INC.$207.7M
2. OHIO DEPARTMENT OF TRANSPORTATION$15.6M
3. CLERMONT METROPOLITAN HOUSING AUTHORITY$10.2M

Affordable

Housing Affordability

16.3%

of median income

1BR estimate$779
2BR estimate$1,026
Median income$70,000
Median home value$226,100

ACS context

Quick Facts

Population

4,890

Median age

41.2

Bachelor's degree+

23.8%

Poverty rate

13.7%

Labor force participation

73.8%

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

+0.3%

GDP CAGR

+2.5%

Federal flow

5 years

Population (5 years)
20204,813
20214,661
20224,924
20234,611
20244,890
GDP (5 years)
2020$9.4B
2021$9.6B
2022$9.6B
2023$10.0B
2024$10.6B

2-year linear forecast

Predictive Outlook

Population forecast

20244,890
20254,811 *
20264,821 *

R² = 1.4% · * projected

GDP forecast

2024$10.6B
2025$10.7B *
2026$10.9B *

R² = 82.8% · * 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$70,000/yr
Median rent$950/mo
Rent share of income16.3%
Est. mortgage (30yr, 6.5%)$13,719/yr
Mortgage share of income19.6%

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

employment snapshot

Job Market

Unemployment rate1.7%
State avg4.8%
U.S. avg5.2%
Labor force participation73.8%
Poverty rate13.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$226,100
Median monthly rent$950
Price-to-rent ratio19.8x

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

composite score

Investment Climate

Investment climateStrong
Composite score83/100
Economic growth84/100
Labor market100/100
Population momentum60/100
Overall stability84/100

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

Location Context

Mount Carmel CDP, Ohio

City/Town

Part of

Cincinnati, OH-KY-IN

Nearby locations

Summerside, OHDry Run, OHCherry Grove, OHWithamsville, OHForestville, OH