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EconPulse

Local economy signal dashboard

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PLACEThriving

Rutherford College, NC

Thriving overall. Population is the clearest support signal, while housing needs the most attention. Housing reads as affordable for a median-income household.

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Overall score87out of 100
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85
88
100
79
92

Population

1,374

Data freshness

Unknown

GDP / Output

+6.5% YoY

85

$3.7B

Output changed +6.5% in 2024.

Vintage date unknown

State growth6.2%
U.S. growth5.3%

Jobs

Unemployment rate

88

2.2%

Unemployment is 2.2% for Latest available.

Vintage date unknown

State avg3.6%
U.S. avg4.1%

Population

+24.5% 5-year

100

1,374

Population moved +24.5% over the latest ACS window.

Vintage date unknown

State population10,730,404
U.S. population334,922,499

Housing

Rent share of income

79

15.2%

Median rent consumes 15.2% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$7.2K per resident

92

$628.6M

$628.6M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$129.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$628.6M

$7.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$529.7M
2. Department of Veterans Affairs$56.5M
3. Department of Transportation$8.0M

Top recipients

Dollars
1. TRANSPORTATION NORTH CAROLINA DEPARTMENT$8.0M
2. WESTERN PIEDMONT COMMUNITY COLLEGE$5.4M
3. SAFT AMERICA INC$4.7M

Affordable

Housing Affordability

15.2%

of median income

1BR estimate$699
2BR estimate$921
Median income$67,500
Median home value$185,600

ACS context

Quick Facts

Population

1,374

Median age

41.2

Bachelor's degree+

26.3%

Poverty rate

7.7%

Labor force participation

64.5%

Prime rate

6.8%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-09

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

+4.5%

GDP CAGR

+6.5%

Federal flow

N/A

Population (5 years)
20201,104
20211,112
20221,119
20231,327
20241,374
GDP (5 years)
2020$2.7B
2021$2.9B
2022$3.2B
2023$3.5B
2024$3.7B

2-year linear forecast

Predictive Outlook

Population forecast

20241,374
20251,434 *
20261,509 *

R² = 81.8% · * projected

GDP forecast

2024$3.7B
2025$4.0B *
2026$4.3B *

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$67,500/yr
Median rent$853/mo
Rent share of income15.2%
Est. mortgage (30yr, 6.5%)$11,262/yr
Mortgage share of income16.7%

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

employment snapshot

Job Market

Unemployment rate2.2%
State avg3.6%
U.S. avg4.1%
Labor force participation64.5%
Poverty rate7.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$185,600
Median monthly rent$853
Price-to-rent ratio18.1x

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

composite score

Investment Climate

Investment climateStrong
Composite score89/100
Economic growth85/100
Labor market88/100
Population momentum100/100
Overall stability87/100

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

Location Context

Rutherford College town, North Carolina

City/Town

Part of

Hickory-Lenoir-Morganton, NC

Nearby locations

Connelly Springs, NCValdese, NCIcard, NCDrexel, NCSawmills, NC