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EconPulse

Local economy signal dashboard

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PLACEThriving

Paynesville, 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 score82out of 100
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90
90
49
82
91

Population

2,519

Data freshness

Unknown

GDP / Output

+7.3% YoY

90

$12.6B

Output changed +7.3% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

90

2.4%

Unemployment is 2.4% for Latest available.

Vintage date unknown

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

Population

-0.2% 5-year

49

2,519

Population moved -0.2% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

82

13.0%

Median rent consumes 13.0% 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

$7.0K per resident

91

$1.1B

$1.1B 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

$1.1B

$7.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$750.9M
2. Department of Veterans Affairs$118.4M
3. Department of Education$104.6M

Top recipients

Dollars
1. AMERICAN PUBLIC UNIVERSITY SYSTEM, INC.$74.7M
2. ASSOCIATED MILK PRODUCERS INC$64.5M
3. REDACTED DUE TO PII$23.4M

Affordable

Housing Affordability

13.0%

of median income

1BR estimate$668
2BR estimate$880
Median income$75,250
Median home value$178,200

ACS context

Quick Facts

Population

2,519

Median age

36.1

Bachelor's degree+

27.2%

Poverty rate

5.6%

Labor force participation

62.0%

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

-0.0%

GDP CAGR

+6.5%

Federal flow

5 years

Population (5 years)
20202,525
20212,048
20222,432
20232,476
20242,519
GDP (5 years)
2020$9.2B
2021$9.9B
2022$11.3B
2023$11.8B
2024$12.6B

2-year linear forecast

Predictive Outlook

Population forecast

20242,519
20252,525 *
20262,566 *

R² = 10.8% · * projected

GDP forecast

2024$12.6B
2025$13.6B *
2026$14.4B *

R² = 97.8% · * 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$75,250/yr
Median rent$815/mo
Rent share of income13.0%
Est. mortgage (30yr, 6.5%)$10,813/yr
Mortgage share of income14.4%

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

employment snapshot

Job Market

Unemployment rate2.4%
State avg4.1%
U.S. avg5.2%
Labor force participation62.0%
Poverty rate5.6%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$178,200
Median monthly rent$815
Price-to-rent ratio18.2x

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

composite score

Investment Climate

Investment climateStrong
Composite score80/100
Economic growth90/100
Labor market90/100
Population momentum49/100
Overall stability82/100

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

Location Context

Paynesville city, Minnesota

City/Town

Part of

St. Cloud, MN

Nearby locations

Roscoe, MNRegal, MNLake Henry, MNSt. Martin, MNEden Valley, MN