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EconPulse

Local economy signal dashboard

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PLACEThriving

Schoolcraft, MI

Thriving overall. Jobs is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score83out of 100
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73
94
81
79
87

Population

1,275

Data freshness

Unknown

GDP / Output

+4.8% YoY

73

$20.7B

Output changed +4.8% in 2024.

Vintage date unknown

State growth3.9%
U.S. growth5.3%

Jobs

Unemployment rate

94

1.8%

Unemployment is 1.8% for Latest available.

Vintage date unknown

State avg5.7%
U.S. avg4.2%

Population

+5.2% 5-year

81

1,275

Population moved +5.2% over the latest ACS window.

Vintage date unknown

State population10,077,761
U.S. population334,922,499

Housing

Rent share of income

79

14.7%

Median rent consumes 14.7% of median household income: Affordable.

Vintage date unknown

State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.5K per resident

87

$1.7B

$1.7B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$126.3B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.7B

$6.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.4B
2. Department of Veterans Affairs$120.9M
3. Department of Education$52.1M

Top recipients

Dollars
1. WESTERN MICHIGAN UNIVERSITY$26.4M
2. TRANSPORTATION, MICHIGAN DEPARTMENT OF$25.7M
3. COUNTY OF KALAMAZOO$17.6M

Affordable

Housing Affordability

14.7%

of median income

1BR estimate$753
2BR estimate$991
Median income$75,000
Median home value$224,800

ACS context

Quick Facts

Population

1,275

Median age

35.2

Bachelor's degree+

30.8%

Poverty rate

8.8%

Labor force participation

69.9%

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

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

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

+1.0%

GDP CAGR

+5.4%

Federal flow

5 years

Population (5 years)
20201,212
20211,300
20221,409
20231,268
20241,275
GDP (5 years)
2020$15.9B
2021$17.2B
2022$18.7B
2023$19.8B
2024$20.7B

2-year linear forecast

Predictive Outlook

Population forecast

20241,275
20251,321 *
20261,330 *

R² = 4.2% · * projected

GDP forecast

2024$20.7B
2025$22.1B *
2026$23.3B *

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$75,000/yr
Median rent$918/mo
Rent share of income14.7%
Est. mortgage (30yr, 6.5%)$13,641/yr
Mortgage share of income18.2%

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

employment snapshot

Job Market

Unemployment rate1.8%
State avg5.7%
U.S. avg4.2%
Labor force participation69.9%
Poverty rate8.8%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$224,800
Median monthly rent$918
Price-to-rent ratio20.4x

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

composite score

Investment Climate

Investment climateStrong
Composite score82/100
Economic growth73/100
Labor market94/100
Population momentum81/100
Overall stability83/100

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

Location Context

Schoolcraft village, Michigan

City/Town

Part of

Kalamazoo-Portage, MI

Nearby locations

Vicksburg, MIPortage, MIMattawan, MIKalamazoo, MIMarcellus, MI