GDP / Output
+3.6% YoY
64
$3.3B
Output changed +3.6% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
20
6.7%
Unemployment is 6.7% for Latest available.
Vintage date unknown
State avg4.9%
U.S. avg4.1%
Population
+5.6% 5-year
83
379
Population moved +5.6% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
49
36.1%
Median rent consumes 36.1% of median household income: Strained.
Vintage date unknown
State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$7.5K per resident
95
$664.4M
$664.4M in federal obligations flowed here in FY2025.
Vintage date unknown
State total$126.4B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$664.4M
$7.5K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$579.5M
2. Department of Veterans Affairs$49.6M
3. Department of Transportation$18.0M
Top recipients
Dollars1. TRANSPORTATION, MICHIGAN DEPARTMENT OF$18.0M
2. REDACTED DUE TO PII$8.8M
3. CHARTER TOWNSHIP OXFORD$1.8M
Strained
Housing Affordability
36.1%
of median income
1BR estimate$1,059
2BR estimate$1,395
Median income$42,969
Median home value$101,400
ACS context
Quick Facts
Population
379
Median age
53.9
Bachelor's degree+
6.1%
Poverty rate
14.9%
Labor force participation
50.9%
Prime rate
6.8%
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
2026-09-15
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
+1.1%
GDP CAGR
+6.3%
Federal flow
5 years
Population (5 years)
2020359
2021388
2022361
2023387
2024379
GDP (5 years)
2020$2.4B
2021$2.5B
2022$2.8B
2023$3.1B
2024$3.3B
2-year linear forecast
Predictive Outlook
Population forecast
2024379
2025387 *
2026390 *
R² = 19.5% · * projected
GDP forecast
2024$3.3B
2025$3.5B *
2026$3.8B *
R² = 96.3% · * 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$42,969/yr
Median rent$1,292/mo
Rent share of income36.1%
Est. mortgage (30yr, 6.5%)$6,153/yr
Mortgage share of income14.3%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate6.7%
State avg4.9%
U.S. avg4.1%
Labor force participation50.9%
Poverty rate14.9%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$101,400
Median monthly rent$1,292
Price-to-rent ratio6.5x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score54/100
Economic growth64/100
Labor market20/100
Population momentum83/100
Overall stability53/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.