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EconPulse

Local economy signal dashboard

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PLACEThriving

New Market, TN

Thriving overall. Federal Funds 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 score80out of 100
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98
71
66
78
100

Population

1,619

Data freshness

Unknown

GDP / Output

+8.4% YoY

98

$2.4B

Output changed +8.4% in 2024.

Vintage date unknown

State growth5.6%
U.S. growth5.3%

Jobs

Unemployment rate

71

3.7%

Unemployment is 3.7% for June 2026.

Vintage date unknown

State avg4.7%
U.S. avg5.2%

Population

+2.7% 5-year

66

1,619

Population moved +2.7% over the latest ACS window.

Vintage date unknown

State population7,066,383
U.S. population334,922,499

Housing

Rent share of income

78

15.6%

Median rent consumes 15.6% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
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

$449.8M

$449.8M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$121.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$449.8M

$8.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$360.9M
2. Department of Veterans Affairs$55.3M
3. Department of Health and Human Services$12.6M

Top recipients

Dollars
1. CHEROKEE HEALTH SYSTEMS$9.6M
2. TENNESSEE DEPARTMENT OF TRANSPORTATION$8.1M
3. CARSON-NEWMAN UNIVERSITY$4.7M

Affordable

Housing Affordability

15.6%

of median income

1BR estimate$773
2BR estimate$1,018
Median income$72,321
Median home value$180,400

ACS context

Quick Facts

Population

1,619

Median age

41.8

Bachelor's degree+

27.4%

Poverty rate

7.5%

Labor force participation

66.3%

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

+0.5%

GDP CAGR

+6.1%

Federal flow

5 years

Population (5 years)
20201,576
20211,630
20221,786
20231,789
20241,619
GDP (5 years)
2020$1.8B
2021$2.0B
2022$2.1B
2023$2.3B
2024$2.4B

2-year linear forecast

Predictive Outlook

Population forecast

20241,619
20251,754 *
20261,778 *

R² = 14.9% · * projected

GDP forecast

2024$2.4B
2025$2.6B *
2026$2.7B *

R² = 99.6% · * 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$72,321/yr
Median rent$943/mo
Rent share of income15.6%
Est. mortgage (30yr, 6.5%)$10,946/yr
Mortgage share of income15.1%

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

employment snapshot

Job Market

Unemployment rate3.7%
State avg4.7%
U.S. avg5.2%
Labor force participation66.3%
Poverty rate7.5%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$180,400
Median monthly rent$943
Price-to-rent ratio15.9x

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

composite score

Investment Climate

Investment climateStrong
Composite score80/100
Economic growth98/100
Labor market71/100
Population momentum66/100
Overall stability80/100

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

Location Context

New Market town, Tennessee

City/Town

Part of

Morristown, TN

Nearby locations

Jefferson City, TNStrawberry Plains, TNBlaine, TNDandridge, TNMascot, TN