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EconPulse

Local economy signal dashboard

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PLACEThriving

Oak Grove, MN

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

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Overall score76out of 100
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71
81
71
71
91

Population

9,130

Data freshness

Unknown

GDP / Output

+4.5% YoY

71

$20.6B

Output changed +4.5% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

81

3.0%

Unemployment is 3.0% for Latest available.

Vintage date unknown

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

Population

+3.5% 5-year

71

9,130

Population moved +3.5% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

71

20.8%

Median rent consumes 20.8% 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

$6.9K per resident

91

$2.5B

$2.5B 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

$2.5B

$6.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.7B
2. Department of Defense$244.5M
3. Department of Agriculture$243.4M

Top recipients

Dollars
1. CONNEXUS ENERGY$169.8M
2. BAE SYSTEMS LAND & ARMAMENTS L.P.$155.5M
3. THE KINETIC GROUP SALES LLC$77.6M

Affordable

Housing Affordability

20.8%

of median income

1BR estimate$1,674
2BR estimate$2,205
Median income$117,696
Median home value$423,300

ACS context

Quick Facts

Population

9,130

Median age

44.5

Bachelor's degree+

27.0%

Poverty rate

1.7%

Labor force participation

66.6%

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

+4.7%

Federal flow

5 years

Population (5 years)
20208,819
20218,870
20228,956
20239,031
20249,130
GDP (5 years)
2020$16.4B
2021$17.4B
2022$18.7B
2023$19.7B
2024$20.6B

2-year linear forecast

Predictive Outlook

Population forecast

20249,130
20259,196 *
20269,274 *

R² = 99.0% · * projected

GDP forecast

2024$20.6B
2025$21.8B *
2026$22.9B *

R² = 99.6% · * 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$117,696/yr
Median rent$2,042/mo
Rent share of income20.8%
Est. mortgage (30yr, 6.5%)$25,685/yr
Mortgage share of income21.8%

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 avg4.1%
U.S. avg5.2%
Labor force participation66.6%
Poverty rate1.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$423,300
Median monthly rent$2,042
Price-to-rent ratio17.3x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score75/100
Economic growth71/100
Labor market81/100
Population momentum71/100
Overall stability76/100

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

Location Context

Oak Grove city, Minnesota

City/Town

Part of

Minneapolis-St. Paul-Bloomington, MN-WI

Nearby locations

St. Francis, MNBethel, MNEast Bethel, MNNowthen, MNAndover, MN