GDP / Output
-7.5% YoY
0
$2.6B
Output changed -7.5% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
10
7.4%
Unemployment is 7.4% for Latest available.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
-16.1% 5-year
0
926
Population moved -16.1% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
80
14.3%
Median rent consumes 14.3% 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
$9.3K per resident
100
$419.9M
$419.9M 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
$419.9M
$9.3K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$325.7M
2. Department of Veterans Affairs$44.2M
3. Department of Health and Human Services$12.7M
Top recipients
Dollars1. LEECH LAKE BAND OF OJIBWE$11.8M
2. MINNESOTA DEPARTMENT OF TRANSPORTATION$7.4M
3. ITASCA COUNTY HRA$3.0M
Affordable
Housing Affordability
14.3%
of median income
1BR estimate$564
2BR estimate$743
Median income$57,589
Median home value$112,300
ACS context
Quick Facts
Population
926
Median age
45.1
Bachelor's degree+
9.5%
Poverty rate
14.4%
Labor force participation
50.9%
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
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-16
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
-3.5%
GDP CAGR
+4.4%
Federal flow
5 years
Population (5 years)
20201,104
20211,144
20221,091
20231,035
2024926
GDP (5 years)
2020$2.1B
2021$2.4B
2022$2.6B
2023$2.8B
2024$2.6B
2-year linear forecast
Predictive Outlook
Population forecast
2024926
2025921 *
2026874 *
R² = 75.8% · * projected
GDP forecast
2024$2.6B
2025$2.9B *
2026$3.0B *
R² = 66.9% · * 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$57,589/yr
Median rent$688/mo
Rent share of income14.3%
Est. mortgage (30yr, 6.5%)$6,814/yr
Mortgage share of income11.8%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate7.4%
State avg4.5%
U.S. avg4.3%
Labor force participation50.9%
Poverty rate14.4%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$112,300
Median monthly rent$688
Price-to-rent ratio13.6x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateWeak
Composite score11/100
Economic growth0/100
Labor market10/100
Population momentum0/100
Overall stability33/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.