GDP / Output
+2.9% YoY
60
$1.3B
Output changed +2.9% in 2024.
Vintage date unknown
State growth5.4%
U.S. growth5.3%
Jobs
Unemployment rate
23
6.6%
Unemployment is 6.6% for Latest available.
Vintage date unknown
State avg4.3%
U.S. avg4.3%
Population
-9.7% 5-year
0
644
Population moved -9.7% over the latest ACS window.
Vintage date unknown
State population8,705,170
U.S. population334,922,499
Housing
Rent share of income
69
21.8%
Median rent consumes 21.8% of median household income: Affordable.
Vintage date unknown
State rent$1.6K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$8.8K per resident
100
$263.6M
$263.6M in federal obligations flowed here in FY2025.
Vintage date unknown
State total$214.1B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$263.6M
$8.8K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$197.6M
2. Department of Agriculture$18.0M
3. Department of Veterans Affairs$17.8M
Top recipients
Dollars1. SMYTH COUNTY BOARD OF SUPERVISORS$8.5M
2. MOUNT ROGERS COMMUNITY SERVICES$7.3M
3. DOT CONSTRUCTION, INC$6.4M
Affordable
Housing Affordability
21.8%
of median income
1BR estimate$567
2BR estimate$746
Median income$38,003
Median home value$173,300
ACS context
Quick Facts
Population
644
Median age
46.4
Bachelor's degree+
7.2%
Poverty rate
21.4%
Labor force participation
43.0%
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
2026-06-16
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
-2.0%
GDP CAGR
+5.3%
Federal flow
5 years
Population (5 years)
2020713
2021649
2022697
2023528
2024644
GDP (5 years)
2020$1.0B
2021$1.1B
2022$1.2B
2023$1.3B
2024$1.3B
2-year linear forecast
Predictive Outlook
Population forecast
2024644
2025569 *
2026543 *
R² = 31.9% · * projected
GDP forecast
2024$1.3B
2025$1.4B *
2026$1.5B *
R² = 98.4% · * 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$38,003/yr
Median rent$691/mo
Rent share of income21.8%
Est. mortgage (30yr, 6.5%)$10,516/yr
Mortgage share of income27.7%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate6.6%
State avg4.3%
U.S. avg4.3%
Labor force participation43.0%
Poverty rate21.4%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$173,300
Median monthly rent$691
Price-to-rent ratio20.9x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateModerate
Composite score35/100
Economic growth60/100
Labor market23/100
Population momentum0/100
Overall stability46/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.