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EconPulse

Local economy signal dashboard

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PLACEThriving

New Munich, MN

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 score70out of 100
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90
62
31
79
91

Population

299

Data freshness

Unknown

GDP / Output

+7.3% YoY

90

$12.6B

Output changed +7.3% in 2024.

Vintage date unknown

State growth5.1%
U.S. growth5.3%

Jobs

Unemployment rate

62

4.3%

Unemployment is 4.3% for Latest available.

Vintage date unknown

State avg4.1%
U.S. avg5.2%

Population

-3.2% 5-year

31

299

Population moved -3.2% over the latest ACS window.

Vintage date unknown

State population5,739,445
U.S. population334,922,499

Housing

Rent share of income

79

14.8%

Median rent consumes 14.8% 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

$7.0K per resident

91

$1.1B

$1.1B 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

$1.1B

$7.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$750.9M
2. Department of Veterans Affairs$118.4M
3. Department of Education$104.6M

Top recipients

Dollars
1. AMERICAN PUBLIC UNIVERSITY SYSTEM, INC.$74.7M
2. ASSOCIATED MILK PRODUCERS INC$64.5M
3. REDACTED DUE TO PII$23.4M

Affordable

Housing Affordability

14.8%

of median income

1BR estimate$934
2BR estimate$1,230
Median income$92,188
Median home value$179,000

ACS context

Quick Facts

Population

299

Median age

38.8

Bachelor's degree+

19.9%

Poverty rate

3.2%

Labor force participation

67.1%

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

-0.7%

GDP CAGR

+6.5%

Federal flow

5 years

Population (5 years)
2020309
2021314
2022297
2023275
2024299
GDP (5 years)
2020$9.2B
2021$9.9B
2022$11.3B
2023$11.8B
2024$12.6B

2-year linear forecast

Predictive Outlook

Population forecast

2024299
2025281 *
2026275 *

R² = 38.5% · * projected

GDP forecast

2024$12.6B
2025$13.6B *
2026$14.4B *

R² = 97.8% · * 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$92,188/yr
Median rent$1,139/mo
Rent share of income14.8%
Est. mortgage (30yr, 6.5%)$10,861/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 rate4.3%
State avg4.1%
U.S. avg5.2%
Labor force participation67.1%
Poverty rate3.2%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$179,000
Median monthly rent$1,139
Price-to-rent ratio13.1x

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

composite score

Investment Climate

Investment climateModerate
Composite score66/100
Economic growth90/100
Labor market62/100
Population momentum31/100
Overall stability70/100

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

Location Context

New Munich city, Minnesota

City/Town

Part of

St. Cloud, MN

Nearby locations

Freeport, MNMelrose, MNGreenwald, MNMeire Grove, MNSt. Rosa, MN