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EconPulse

Local economy signal dashboard

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PLACEThriving

New Port Richey, FL

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

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Overall score80out of 100
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95
81
82
58
100

Population

17,425

Data freshness

Unknown

GDP / Output

+8.0% YoY

95

$24.2B

Output changed +8.0% in 2024.

Vintage date unknown

State growth6.3%
U.S. growth5.3%

Jobs

Unemployment rate

81

3.0%

Unemployment is 3.0% for Latest available.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

+5.3% 5-year

82

17,425

Population moved +5.3% over the latest ACS window.

Vintage date unknown

State population22,416,077
U.S. population334,922,499

Housing

Rent share of income

58

30.1%

Median rent consumes 30.1% of median household income: Strained.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$10.2K per resident

100

$5.8B

$5.8B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$325.0B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$5.8B

$10.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$3.7B
2. Department of Veterans Affairs$685.0M
3. Department of Housing and Urban Development$620.0M

Top recipients

Dollars
1. PASCO COUNTY BOARD OF COUNTY COMMISSIONERS$591.8M
2. WRIGHT NATIONAL FLOOD INSURANCE COMPANY$159.4M
3. DOMESTIC AWARDEES (UNDISCLOSED)$55.5M

Strained

Housing Affordability

30.1%

of median income

1BR estimate$978
2BR estimate$1,288
Median income$47,606
Median home value$183,100

ACS context

Quick Facts

Population

17,425

Median age

53.6

Bachelor's degree+

16.2%

Poverty rate

10.5%

Labor force participation

50.0%

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

2026-07-31

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

+1.0%

GDP CAGR

+9.8%

Federal flow

5 years

Population (5 years)
202016,542
202116,348
202216,742
202317,057
202417,425
GDP (5 years)
2020$15.2B
2021$17.5B
2022$19.9B
2023$22.4B
2024$24.2B

2-year linear forecast

Predictive Outlook

Population forecast

202417,425
202517,565 *
202617,813 *

R² = 84.1% · * projected

GDP forecast

2024$24.2B
2025$26.7B *
2026$29.0B *

R² = 99.7% · * 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$47,606/yr
Median rent$1,193/mo
Rent share of income30.1%
Est. mortgage (30yr, 6.5%)$11,110/yr
Mortgage share of income23.3%

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

employment snapshot

Job Market

Unemployment rate3.0%
State avg4.8%
U.S. avg5.2%
Labor force participation50.0%
Poverty rate10.5%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$183,100
Median monthly rent$1,193
Price-to-rent ratio12.8x

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

composite score

Investment Climate

Investment climateStrong
Composite score85/100
Economic growth95/100
Labor market81/100
Population momentum82/100
Overall stability80/100

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

Location Context

New Port Richey city, Florida

City/Town

Part of

Tampa-St. Petersburg-Clearwater, FL

Nearby locations

New Port Richey East, FLPort Richey, FLElfers, FLBeacon Square, FLJasmine Estates, FL