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EconPulse

Local economy signal dashboard

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PLACEThriving

New Pekin, IN

Thriving overall. Jobs is the clearest support signal, while housing needs the most attention. Housing reads as affordable for a median-income household.

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Overall score91out of 100
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98
100
100
72
88

Population

1,372

Data freshness

Unknown

GDP / Output

+8.4% YoY

98

$999.6M

Output changed +8.4% in 2024.

Vintage date unknown

State growth4.6%
U.S. growth5.3%

Jobs

Unemployment rate

100

1.7%

Unemployment is 1.7% for Latest available.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

+19.4% 5-year

100

1,372

Population moved +19.4% over the latest ACS window.

Vintage date unknown

State population6,851,073
U.S. population334,922,499

Housing

Rent share of income

72

19.8%

Median rent consumes 19.8% of median household income: Affordable.

Vintage date unknown

State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.6K per resident

88

$185.2M

$185.2M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$207.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$185.2M

$6.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$155.6M
2. Department of Veterans Affairs$14.5M
3. Department of Agriculture$6.9M

Top recipients

Dollars
1. INDIANA DEPARTMENT OF TRANSPORTATION$6.4M
2. REDACTED DUE TO PII$6.1M
3. CITY OF SALEM$353.5K

Affordable

Housing Affordability

19.8%

of median income

1BR estimate$686
2BR estimate$903
Median income$50,625
Median home value$135,800

ACS context

Quick Facts

Population

1,372

Median age

37.8

Bachelor's degree+

11.7%

Poverty rate

19.5%

Labor force participation

58.4%

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

+3.6%

GDP CAGR

+8.9%

Federal flow

5 years

Population (5 years)
20201,149
20211,348
20221,224
20231,377
20241,372
GDP (5 years)
2020$652.3M
2021$767.5M
2022$905.8M
2023$922.1M
2024$999.6M

2-year linear forecast

Predictive Outlook

Population forecast

20241,372
20251,437 *
20261,484 *

R² = 54.0% · * projected

GDP forecast

2024$999.6M
2025$1.1B *
2026$1.2B *

R² = 94.2% · * 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$50,625/yr
Median rent$836/mo
Rent share of income19.8%
Est. mortgage (30yr, 6.5%)$8,240/yr
Mortgage share of income16.3%

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

employment snapshot

Job Market

Unemployment rate1.7%
State avg4.3%
U.S. avg5.2%
Labor force participation58.4%
Poverty rate19.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$135,800
Median monthly rent$836
Price-to-rent ratio13.5x

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

composite score

Investment Climate

Investment climateStrong
Composite score97/100
Economic growth98/100
Labor market100/100
Population momentum100/100
Overall stability91/100

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

Location Context

New Pekin town, Indiana

City/Town

Part of

Louisville/Jefferson County, KY-IN

Nearby locations

Borden, INMartinsburg, INPalmyra, INSalem, INCanton, IN