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EconPulse

Local economy signal dashboard

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PLACEThriving

Olivia, MN

Thriving 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 score74out of 100
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99
80
2
79
100

Population

2,205

Data freshness

Unknown

GDP / Output

+8.5% YoY

99

$1.2B

Output changed +8.5% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

80

3.1%

Unemployment is 3.1% for Latest available.

Vintage date unknown

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

Population

-8.0% 5-year

2

2,205

Population moved -8.0% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

79

14.8%

Median rent consumes 14.8% 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

$8.6K per resident

100

$126.2M

$126.2M 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

$126.2M

$8.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$81.6M
2. Department of Agriculture$32.6M
3. Department of Veterans Affairs$8.0M

Top recipients

Dollars
1. REDACTED DUE TO PII$31.5M
2. LOWER SIOUX INDIAN COMMUNITY IN THE STATE OF MINNESOTA$1.0M
3. CITY OF FRANKLIN$704.1K

Affordable

Housing Affordability

14.8%

of median income

1BR estimate$640
2BR estimate$842
Median income$63,098
Median home value$159,200

ACS context

Quick Facts

Population

2,205

Median age

44.1

Bachelor's degree+

21.1%

Poverty rate

13.3%

Labor force participation

61.3%

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

-1.7%

GDP CAGR

+9.3%

Federal flow

5 years

Population (5 years)
20202,397
20212,408
20222,358
20232,243
20242,205
GDP (5 years)
2020$761.9M
2021$943.2M
2022$1.1B
2023$1.1B
2024$1.2B

2-year linear forecast

Predictive Outlook

Population forecast

20242,205
20252,158 *
20262,103 *

R² = 88.0% · * projected

GDP forecast

2024$1.2B
2025$1.3B *
2026$1.4B *

R² = 90.4% · * 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$63,098/yr
Median rent$780/mo
Rent share of income14.8%
Est. mortgage (30yr, 6.5%)$9,660/yr
Mortgage share of income15.3%

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

employment snapshot

Job Market

Unemployment rate3.1%
State avg4.1%
U.S. avg5.2%
Labor force participation61.3%
Poverty rate13.3%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$159,200
Median monthly rent$780
Price-to-rent ratio17.0x

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

composite score

Investment Climate

Investment climateStrong
Composite score69/100
Economic growth99/100
Labor market80/100
Population momentum2/100
Overall stability74/100

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

Location Context

Olivia city, Minnesota

City/Town

Part of

Minnesota

Nearby locations

Bird Island, MNDanube, MNRenville, MNBlomkest, MNLake Lillian, MN