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EconPulse

Local economy signal dashboard

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PLACEThriving

Oceana, WV

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

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Overall score68out of 100
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99
50
62
55
100

Population

1,203

Data freshness

Unknown

GDP / Output

+8.5% YoY

99

$1.1B

Output changed +8.5% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

50

5.1%

Unemployment is 5.1% for Latest available.

Vintage date unknown

State avg5.4%
U.S. avg5.2%

Population

+2.0% 5-year

62

1,203

Population moved +2.0% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

55

32.3%

Median rent consumes 32.3% of median household income: Strained.

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

$12.0K per resident

100

$256.5M

$256.5M 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

$256.5M

$12.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$144.3M
2. Department of Transportation$38.3M
3. Department of Defense$31.7M

Top recipients

Dollars
1. GREENBRIER GOVERNMENT SOLUTIONS INC$45.6M
2. WVDOT DIVISION OF HIGHWAYS$38.3M
3. MOUNTAINHEART COMMUNITY SERVICES, INC$4.3M

Strained

Housing Affordability

32.3%

of median income

1BR estimate$725
2BR estimate$955
Median income$32,875
Median home value$66,900

ACS context

Quick Facts

Population

1,203

Median age

40.0

Bachelor's degree+

5.9%

Poverty rate

43.1%

Labor force participation

48.2%

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

+0.4%

GDP CAGR

+15.3%

Federal flow

5 years

Population (5 years)
20201,179
20211,347
20221,232
20231,421
20241,203
GDP (5 years)
2020$533.1M
2021$681.5M
2022$1.0B
2023$1.0B
2024$1.1B

2-year linear forecast

Predictive Outlook

Population forecast

20241,203
20251,313 *
20261,325 *

R² = 3.5% · * projected

GDP forecast

2024$1.1B
2025$1.3B *
2026$1.4B *

R² = 88.4% · * 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$32,875/yr
Median rent$884/mo
Rent share of income32.3%
Est. mortgage (30yr, 6.5%)$4,059/yr
Mortgage share of income12.3%

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

employment snapshot

Job Market

Unemployment rate5.1%
State avg5.4%
U.S. avg5.2%
Labor force participation48.2%
Poverty rate43.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$66,900
Median monthly rent$884
Price-to-rent ratio6.3x

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

composite score

Investment Climate

Investment climateStrong
Composite score72/100
Economic growth99/100
Labor market50/100
Population momentum62/100
Overall stability68/100

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

Location Context

Oceana town, West Virginia

City/Town

Part of

West Virginia

Nearby locations

Matheny, WVKopperston, WVGlen Fork, WVBrenton, WVPineville, WV