GDP / Output
+5.5% YoY
77
$2.6B
Output changed +5.5% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
98
1.6%
Unemployment is 1.6% for Latest available.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
+2.7% 5-year
66
5,856
Population moved +2.7% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
77
16.3%
Median rent consumes 16.3% of median household income: Affordable.
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
$8.7K per resident
100
$298.1M
$298.1M in federal obligations flowed here in FY2025.
Vintage date unknown
State total$126.3B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$298.1M
$8.7K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$253.5M
2. Department of Veterans Affairs$18.3M
3. Department of the Interior$10.5M
Top recipients
Dollars1. LITTLE TRAVERSE BAY BANDS OF ODAWA INDIANS$13.8M
2. SKYWEST AIRLINES INC$3.2M
3. NORTH CENTRAL MICHIGAN COLLEGE$2.5M
Affordable
Housing Affordability
16.3%
of median income
1BR estimate$825
2BR estimate$1,086
Median income$74,196
Median home value$364,100
ACS context
Quick Facts
Population
5,856
Median age
41.0
Bachelor's degree+
53.4%
Poverty rate
9.0%
Labor force participation
63.8%
Prime rate
6.8%
CPI YoY
+3.9%
U.S. GDP YoY
+5.9%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-16
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
+0.5%
GDP CAGR
+7.5%
Federal flow
5 years
Population (5 years)
20205,701
20215,856
20225,859
20235,851
20245,856
GDP (5 years)
2020$1.8B
2021$2.1B
2022$2.2B
2023$2.4B
2024$2.6B
2-year linear forecast
Predictive Outlook
Population forecast
20245,856
20255,916 *
20265,947 *
R² = 48.6% · * projected
GDP forecast
2024$2.6B
2025$2.8B *
2026$3.0B *
R² = 98.4% · * 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$74,196/yr
Median rent$1,006/mo
Rent share of income16.3%
Est. mortgage (30yr, 6.5%)$22,093/yr
Mortgage share of income29.8%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate1.6%
State avg5.0%
U.S. avg4.3%
Labor force participation63.8%
Poverty rate9.0%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$364,100
Median monthly rent$1,006
Price-to-rent ratio30.2x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateStrong
Composite score82/100
Economic growth77/100
Labor market98/100
Population momentum66/100
Overall stability84/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.