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EconPulse

Local economy signal dashboard

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COUNTYThriving

Ramsey County, MN

Thriving overall. GDP / Output 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 score68out of 100
Compare
86
63
46
73
NA

Population

542,945

Data freshness

Unknown

GDP / Output

+6.7% YoY

86

$56.3B

Output changed +6.7% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

63

3.9%

Unemployment is 3.9% for April 2026.

Vintage date unknown

State avg4.5%
U.S. avg4.3%

Population

-0.7% 5-year

46

542,945

Population moved -0.7% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

73

19.6%

Median rent consumes 19.6% 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

Unavailable per resident

NA

Unavailable

Federal spending data is unavailable for this geography.

Vintage date unknown

State totalUnavailable
U.S. total$5.3T
USAspending federal inflow temporarily unavailable.

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

Unavailable

No federal obligations were reported for this geography.

Top agencies

Dollars

No agencies reported.

Top recipients

Dollars

No recipients reported.

Affordable

Housing Affordability

19.6%

of median income

1BR estimate$1,090
2BR estimate$1,435
Median income$81,568
Median home value$326,600

ACS context

Quick Facts

Population

542,945

Median age

36.1

Bachelor's degree+

45.6%

Poverty rate

12.3%

Labor force participation

68.4%

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

April 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-10

HUD Fair Market Rent

Latest available

Data notes
  • USAspending federal inflow temporarily unavailable.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.1%

GDP CAGR

+5.0%

Federal flow

N/A

Population (5 years)
2020546,598
2021549,377
2022547,202
2023544,438
2024542,945
GDP (5 years)
2020$44.0B
2021$46.1B
2022$49.8B
2023$52.7B
2024$56.3B

2-year linear forecast

Predictive Outlook

Population forecast

2024542,945
2025542,439 *
2026541,214 *

R² = 60.2% · * projected

GDP forecast

2024$56.3B
2025$59.1B *
2026$62.2B *

R² = 99.3% · * 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$81,568/yr
Median rent$1,329/mo
Rent share of income19.6%
Est. mortgage (30yr, 6.5%)$19,818/yr
Mortgage share of income24.3%

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

employment snapshot

Job Market

Unemployment rate3.9%
State avg4.5%
U.S. avg4.3%
Labor force participation68.4%
Poverty rate12.3%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median home value$326,600
Median monthly rent$1,329
Price-to-rent ratio20.5x

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

composite score

Investment Climate

Investment climateStrong
Composite score68/100
Economic growth86/100
Labor market63/100
Population momentum46/100
Overall stability68/100

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

Location Context

Ramsey County, Minnesota

County

Part of

Minneapolis-St. Paul-Bloomington, MN-WI

Nearby locations

Little Canada, MNRoseville, MNMaplewood, MNVadnais Heights, MNFalcon Heights, MN