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EconPulse

Local economy signal dashboard

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PLACEThriving

New Berlin, IL

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 score77out of 100
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88
44
100
85
100

Population

1,442

Data freshness

Unknown

GDP / Output

+7.0% YoY

88

$15.7B

Output changed +7.0% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

44

5.5%

Unemployment is 5.5% for Latest available.

Vintage date unknown

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

Population

+8.9% 5-year

100

1,442

Population moved +8.9% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

85

11.0%

Median rent consumes 11.0% 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

$20.2K per resident

100

$4.0B

$4.0B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$4.0B

$20.2K per resident in reported federal flow.

Top agencies

Dollars
1. Department of Education$1.8B
2. Social Security Administration$1.1B
3. Department of Homeland Security$358.4M

Top recipients

Dollars
1. ILLINOIS STATE BOARD OF EDUCATION$1.6B
2. ILLINOIS EMERGENCY MANAGEMENT AGENCY AND OFFICE OF HOMELAND SECURITY$387.7M
3. ILLINOIS DEPARTMENT OF HUMAN SERVICE$247.8M

Affordable

Housing Affordability

11.0%

of median income

1BR estimate$527
2BR estimate$694
Median income$70,179
Median home value$163,400

ACS context

Quick Facts

Population

1,442

Median age

37.2

Bachelor's degree+

36.6%

Poverty rate

6.4%

Labor force participation

70.7%

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

+1.7%

GDP CAGR

+6.6%

Federal flow

5 years

Population (5 years)
20201,324
20211,256
20221,247
20231,366
20241,442
GDP (5 years)
2020$11.4B
2021$12.6B
2022$14.0B
2023$14.6B
2024$15.7B

2-year linear forecast

Predictive Outlook

Population forecast

20241,442
20251,431 *
20261,465 *

R² = 45.7% · * projected

GDP forecast

2024$15.7B
2025$16.8B *
2026$17.9B *

R² = 98.7% · * 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$70,179/yr
Median rent$643/mo
Rent share of income11.0%
Est. mortgage (30yr, 6.5%)$9,915/yr
Mortgage share of income14.1%

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

employment snapshot

Job Market

Unemployment rate5.5%
State avg5.1%
U.S. avg5.2%
Labor force participation70.7%
Poverty rate6.4%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$163,400
Median monthly rent$643
Price-to-rent ratio21.2x

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

composite score

Investment Climate

Investment climateStrong
Composite score77/100
Economic growth88/100
Labor market44/100
Population momentum100/100
Overall stability77/100

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

Location Context

New Berlin village, Illinois

City/Town

Part of

Springfield, IL

Nearby locations

Berlin, ILLoami, ILAlexander, ILCurran, ILWaverly, IL