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EconPulse

Local economy signal dashboard

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PLACEStable

Norman, AR

Stable 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 score65out of 100
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86
54
0
88
100

Population

339

Data freshness

Unknown

GDP / Output

+6.7% YoY

86

$209.0M

Output changed +6.7% in 2024.

Vintage date unknown

State growth5.7%
U.S. growth5.3%

Jobs

Unemployment rate

54

4.8%

Unemployment is 4.8% for Latest available.

Vintage date unknown

State avg4.9%
U.S. avg5.2%

Population

-23.1% 5-year

0

339

Population moved -23.1% over the latest ACS window.

Vintage date unknown

State population3,049,391
U.S. population334,922,499

Housing

Rent share of income

88

8.4%

Median rent consumes 8.4% of median household income: Affordable.

Vintage date unknown

State rent$947
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$8.3K per resident

100

$70.4M

$70.4M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$35.0B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$70.4M

$8.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$60.5M
2. Department of Veterans Affairs$7.2M
3. Railroad Retirement Board$1.3M

Top recipients

Dollars
1. REDACTED DUE TO PII$706.3K
2. COUNTY OF MONTGOMERY$249.0K
3. RAMOS FARMS LLC$225.0K

Affordable

Housing Affordability

8.4%

of median income

1BR estimate$441
2BR estimate$581
Median income$76,563
Median home value$94,400

ACS context

Quick Facts

Population

339

Median age

39.7

Bachelor's degree+

10.6%

Poverty rate

20.9%

Labor force participation

62.2%

Prime rate

7.0%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-17

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

-5.1%

GDP CAGR

+7.5%

Federal flow

5 years

Population (5 years)
2020441
2021346
2022379
2023324
2024339
GDP (5 years)
2020$145.3M
2021$163.0M
2022$182.0M
2023$195.9M
2024$209.0M

2-year linear forecast

Predictive Outlook

Population forecast

2024339
2025298 *
2026275 *

R² = 58.8% · * projected

GDP forecast

2024$209.0M
2025$227.2M *
2026$243.2M *

R² = 99.4% · * 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$76,563/yr
Median rent$538/mo
Rent share of income8.4%
Est. mortgage (30yr, 6.5%)$5,728/yr
Mortgage share of income7.5%

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

employment snapshot

Job Market

Unemployment rate4.8%
State avg4.9%
U.S. avg5.2%
Labor force participation62.2%
Poverty rate20.9%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$94,400
Median monthly rent$538
Price-to-rent ratio14.6x

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

composite score

Investment Climate

Investment climateModerate
Composite score56/100
Economic growth86/100
Labor market54/100
Population momentum0/100
Overall stability65/100

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

Location Context

Norman town, Arkansas

City/Town

Part of

Arkansas

Nearby locations

Black Springs, ARCaddo Gap, ARMount Ida, ARGlenwood, ARPencil Bluff, AR