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EconPulse

Local economy signal dashboard

Saved
PLACEStable

Newell, WV

Stable overall. Federal Funds is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score45out of 100
Compare
53
0
37
74
100

Population

1,246

Data freshness

Unknown

GDP / Output

+2.1% YoY

53

$1.2B

Output changed +2.1% in 2024.

Vintage date unknown

State growth4.9%
U.S. growth5.3%

Jobs

Unemployment rate

0

18.2%

Unemployment is 18.2% for Latest available.

Vintage date unknown

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

Population

-2.2% 5-year

37

1,246

Population moved -2.2% over the latest ACS window.

Vintage date unknown

State population1,778,373
U.S. population334,922,499

Housing

Rent share of income

74

18.2%

Median rent consumes 18.2% of median household income: Affordable.

Vintage date unknown

State rent$872
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$13.4K per resident

100

$391.1M

$391.1M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$23.8B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$391.1M

$13.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$200.0M
2. Department of Energy$150.0M
3. Department of Veterans Affairs$16.4M

Top recipients

Dollars
1. FORM FACTORY 1, LLC$150.0M
2. WVDOT DIVISION OF HIGHWAYS$15.8M
3. H & M ASSOCIATES LLC$2.9M

Affordable

Housing Affordability

18.2%

of median income

1BR estimate$750
2BR estimate$988
Median income$60,278
Median home value$88,100

ACS context

Quick Facts

Population

1,246

Median age

39.8

Bachelor's degree+

19.9%

Poverty rate

25.8%

Labor force participation

54.0%

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

2026-07-30

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

-0.4%

GDP CAGR

+5.0%

Federal flow

5 years

Population (5 years)
20201,274
20211,247
20221,129
20231,252
20241,246
GDP (5 years)
2020$980.1M
2021$1.1B
2022$1.2B
2023$1.2B
2024$1.2B

2-year linear forecast

Predictive Outlook

Population forecast

20241,246
20251,214 *
20261,209 *

R² = 2.0% · * projected

GDP forecast

2024$1.2B
2025$1.4B *
2026$1.4B *

R² = 87.7% · * 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$60,278/yr
Median rent$915/mo
Rent share of income18.2%
Est. mortgage (30yr, 6.5%)$5,346/yr
Mortgage share of income8.9%

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

employment snapshot

Job Market

Unemployment rate18.2%
State avg4.2%
U.S. avg5.2%
Labor force participation54.0%
Poverty rate25.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$88,100
Median monthly rent$915
Price-to-rent ratio8.0x

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

composite score

Investment Climate

Investment climateModerate
Composite score35/100
Economic growth53/100
Labor market0/100
Population momentum37/100
Overall stability45/100

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

Location Context

Newell CDP, West Virginia

City/Town

Part of

Weirton-Steubenville, WV-OH

Nearby locations

Chester, WVEast Liverpool, OHLa Croft, OHWellsville, OHGlenmoor, OH