GDP / Output
+6.2% YoY
82
$15.7B
Output changed +6.2% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
66
3.7%
Unemployment is 3.7% for Latest available.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
+4.4% 5-year
77
122,330
Population moved +4.4% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
74
18.8%
Median rent consumes 18.8% 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
$7.7K per resident
97
$1.3B
$1.3B 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
$1.3B
$7.7K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$802.2M
2. Department of Health and Human Services$200.5M
3. Department of Transportation$108.6M
Top recipients
Dollars1. MAYO CLINIC$218.1M
2. CITY OF ROCHESTER$79.7M
3. MINNESOTA DEPARTMENT OF TRANSPORTATION$39.6M
Affordable
Housing Affordability
18.8%
of median income
1BR estimate$1,147
2BR estimate$1,511
Median income$89,389
Median home value$310,500
ACS context
Quick Facts
Population
122,330
Median age
36.3
Bachelor's degree+
50.9%
Poverty rate
8.5%
Labor force participation
70.2%
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
2026-06-10
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
+0.9%
GDP CAGR
+5.3%
Federal flow
5 years
Population (5 years)
2020117,134
2021119,732
2022120,848
2023121,638
2024122,330
GDP (5 years)
2020$12.1B
2021$12.9B
2022$13.9B
2023$14.8B
2024$15.7B
2-year linear forecast
Predictive Outlook
Population forecast
2024122,330
2025124,026 *
2026125,256 *
R² = 91.4% · * projected
GDP forecast
2024$15.7B
2025$16.6B *
2026$17.5B *
R² = 99.9% · * 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$89,389/yr
Median rent$1,399/mo
Rent share of income18.8%
Est. mortgage (30yr, 6.5%)$18,841/yr
Mortgage share of income21.1%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate3.7%
State avg4.5%
U.S. avg4.3%
Labor force participation70.2%
Poverty rate8.5%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$310,500
Median monthly rent$1,399
Price-to-rent ratio18.5x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateStrong
Composite score76/100
Economic growth82/100
Labor market66/100
Population momentum77/100
Overall stability76/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.