GDP / Output
+8.4% YoY
98
$438.5B
Output changed +8.4% in 2024.
Vintage date unknown
State growth5.8%
U.S. growth5.3%
Jobs
Unemployment rate
66
3.7%
Unemployment is 3.7% for April 2026.
Vintage date unknown
State avg5.3%
U.S. avg4.3%
Population
-3.8% 5-year
27
990,138
Population moved -3.8% over the latest ACS window.
Vintage date unknown
State population39,287,377
U.S. population334,922,499
Housing
Rent share of income
69
21.9%
Median rent consumes 21.9% of median household income: Affordable.
Vintage date unknown
State rent$2.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$7.0K per resident
91
$13.6B
$13.6B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$485.6B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$13.6B
$7.0K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$7.0B
2. Department of Defense$2.3B
3. Department of Health and Human Services$949.3M
Top recipients
Dollars1. THE LELAND STANFORD JUNIOR UNIVERSITY$1.4B
2. LOCKHEED MARTIN CORP$1.1B
3. SANTA CLARA COUNTY HOUSING AUTHORITY$621.9M
Affordable
Housing Affordability
21.9%
of median income
1BR estimate$2,189
2BR estimate$2,883
Median income$146,427
Median home value$1,233,200
ACS context
Quick Facts
Population
990,138
Median age
38.2
Bachelor's degree+
47.3%
Poverty rate
8.1%
Labor force participation
67.7%
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
- HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
5-year compound growth
Historical Trends
Population CAGR
-0.8%
GDP CAGR
+5.1%
Federal flow
5 years
Population (5 years)
20201,029,409
20211,013,337
20221,001,176
2023990,054
2024990,138
GDP (5 years)
2020$341.2B
2021$386.0B
2022$384.2B
2023$404.5B
2024$438.5B
2-year linear forecast
Predictive Outlook
Population forecast
2024990,138
2025974,275 *
2026964,093 *
R² = 92.2% · * projected
GDP forecast
2024$438.5B
2025$454.8B *
2026$476.1B *
R² = 91.0% · * 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$146,427/yr
Median rent$2,669/mo
Rent share of income21.9%
Est. mortgage (30yr, 6.5%)$74,829/yr
Mortgage share of income51.1%
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 avg5.3%
U.S. avg4.3%
Labor force participation67.7%
Poverty rate8.1%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$1,233,200
Median monthly rent$2,669
Price-to-rent ratio38.5x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateStrong
Composite score69/100
Economic growth98/100
Labor market66/100
Population momentum27/100
Overall stability70/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.