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EconPulse

Local economy signal dashboard

Saved
PLACEStrained

Payne Gap, KY

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

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Overall score21out of 100
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28
0
0
NA
100

Population

440

Data freshness

Unknown

GDP / Output

-1.6% YoY

28

$538.8M

Output changed -1.6% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

0

17.3%

Unemployment is 17.3% for Latest available.

Vintage date unknown

State avg4.7%
U.S. avg5.2%

Population

-25.2% 5-year

0

440

Population moved -25.2% over the latest ACS window.

Vintage date unknown

State population4,534,824
U.S. population334,922,499

Housing

Rent share of income

NA

Unavailable

Housing affordability could not be calculated.

Vintage date unknown

State rent$967
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$10.5K per resident

100

$227.3M

$227.3M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$173.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$227.3M

$10.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$150.6M
2. Department of Agriculture$41.6M
3. Department of Transportation$12.4M

Top recipients

Dollars
1. CITY OF FLEMING NEON$16.9M
2. LETCHER COUNTY FISCAL COURT$16.4M
3. EXECUTIVE OFFICE OF THE COMMONWEALTH OF KENTUCKY$9.9M

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median income$36,250
Median home valueUnavailable

ACS context

Quick Facts

Population

440

Median age

48.8

Bachelor's degree+

3.3%

Poverty rate

15.0%

Labor force participation

48.7%

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

-5.6%

GDP CAGR

+8.6%

Federal flow

5 years

Population (5 years)
2020588
2021738
2022230
2023217
2024440
GDP (5 years)
2020$357.2M
2021$410.9M
2022$478.2M
2023$547.6M
2024$538.8M

2-year linear forecast

Predictive Outlook

Population forecast

2024440
2025198 *
2026116 *

R² = 32.6% · * projected

GDP forecast

2024$538.8M
2025$616.5M *
2026$666.5M *

R² = 92.6% · * 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$36,250/yr

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

employment snapshot

Job Market

Unemployment rate17.3%
State avg4.7%
U.S. avg5.2%
Labor force participation48.7%
Poverty rate15.0%

Data from BLS LAUS / CPS. Latest available.

valuation indicators

Real Estate

Home value and rent data unavailable for this geography.

composite score

Investment Climate

Investment climateWeak
Composite score14/100
Economic growth28/100
Labor market0/100
Population momentum0/100
Overall stability21/100

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

Location Context

Payne Gap CDP, Kentucky

City/Town

Part of

Kentucky

Nearby locations

Jenkins, KYPound, VAFleming-Neon, KYMillstone, KYMcRoberts, KY