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EconPulse

Local economy signal dashboard

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PLACEStable

Preston Heights, IL

Stable 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 score53out of 100
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66
40
31
61
78

Population

2,449

Data freshness

Unknown

GDP / Output

+3.9% YoY

66

$50.3B

Output changed +3.9% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

40

5.4%

Unemployment is 5.4% for June 2026.

Vintage date unknown

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

Population

-3.2% 5-year

31

2,449

Population moved -3.2% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

61

27.8%

Median rent consumes 27.8% 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

$5.3K per resident

78

$3.7B

$3.7B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$3.7B

$5.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$3.0B
2. Department of Veterans Affairs$256.0M
3. Department of Transportation$121.2M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$121.1M
2. HOUSING AUTHORITY OF JOLIET$49.6M
3. ILLINOIS STATE BOARD OF EDUCATION$20.0M

Affordable

Housing Affordability

27.8%

of median income

1BR estimate$982
2BR estimate$1,293
Median income$51,625
Median home value$144,100

ACS context

Quick Facts

Population

2,449

Median age

39.4

Bachelor's degree+

8.1%

Poverty rate

22.8%

Labor force participation

56.6%

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

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-29

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

-0.6%

GDP CAGR

+7.1%

Federal flow

5 years

Population (5 years)
20202,529
20212,633
20222,586
20232,318
20242,449
GDP (5 years)
2020$35.7B
2021$40.9B
2022$45.4B
2023$48.4B
2024$50.3B

2-year linear forecast

Predictive Outlook

Population forecast

20242,449
20252,361 *
20262,313 *

R² = 36.6% · * projected

GDP forecast

2024$50.3B
2025$55.2B *
2026$58.9B *

R² = 96.7% · * 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$51,625/yr
Median rent$1,197/mo
Rent share of income27.8%
Est. mortgage (30yr, 6.5%)$8,744/yr
Mortgage share of income16.9%

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

employment snapshot

Job Market

Unemployment rate5.4%
State avg5.1%
U.S. avg4.2%
Labor force participation56.6%
Poverty rate22.8%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$144,100
Median monthly rent$1,197
Price-to-rent ratio10.0x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateModerate
Composite score49/100
Economic growth66/100
Labor market40/100
Population momentum31/100
Overall stability53/100

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

Location Context

Preston Heights CDP, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

Rockdale, ILIngalls Park, ILRidgewood, ILJoliet, ILFairmont, IL