GDP / Output
+1.6% YoY
50
$13.9B
Output changed +1.6% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
51
4.7%
Unemployment is 4.7% for April 2026.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
+0.2% 5-year
51
2,860
Population moved +0.2% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
81
13.2%
Median rent consumes 13.2% 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
$8.2K per resident
100
$1.6B
$1.6B 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
$1.6B
$8.2K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$1.2B
2. Department of Veterans Affairs$136.3M
3. Department of Transportation$81.2M
Top recipients
Dollars1. MINNESOTA DEPARTMENT OF TRANSPORTATION$49.0M
2. DULUTH, CITY OF$23.8M
3. HOUSING AND REDEVELOPMENT AUTHORITY OF DULUTH, MINNESOTA$18.9M
Affordable
Housing Affordability
13.2%
of median income
1BR estimate$753
2BR estimate$991
Median income$83,293
Median home value$192,800
ACS context
Quick Facts
Population
2,860
Median age
47.5
Bachelor's degree+
23.3%
Poverty rate
11.5%
Labor force participation
62.6%
Prime rate
6.8%
CPI YoY
+3.9%
U.S. GDP YoY
+5.9%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
April 2026
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-10
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
+0.0%
GDP CAGR
+5.8%
Federal flow
5 years
Population (5 years)
20202,854
20212,874
20222,862
20232,865
20242,860
GDP (5 years)
2020$10.5B
2021$11.5B
2022$12.5B
2023$13.7B
2024$13.9B
2-year linear forecast
Predictive Outlook
Population forecast
20242,860
20252,864 *
20262,864 *
R² = 0.4% · * projected
GDP forecast
2024$13.9B
2025$15.1B *
2026$16.0B *
R² = 96.9% · * 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$83,293/yr
Median rent$918/mo
Rent share of income13.2%
Est. mortgage (30yr, 6.5%)$11,699/yr
Mortgage share of income14.0%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate4.7%
State avg4.5%
U.S. avg4.3%
Labor force participation62.6%
Poverty rate11.5%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$192,800
Median monthly rent$918
Price-to-rent ratio17.5x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score54/100
Economic growth50/100
Labor market51/100
Population momentum51/100
Overall stability63/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.