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EconPulse

Local economy signal dashboard

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PLACEThriving

Shelby, IA

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

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Overall score67out of 100
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86
28
87
78
92

Population

752

Data freshness

Unknown

GDP / Output

+6.7% YoY

86

$6.3B

Output changed +6.7% in 2024.

Vintage date unknown

State growth5.0%
U.S. growth5.3%

Jobs

Unemployment rate

28

6.2%

Unemployment is 6.2% for Latest available.

Vintage date unknown

State avg3.6%
U.S. avg4.2%

Population

+6.2% 5-year

87

752

Population moved +6.2% over the latest ACS window.

Vintage date unknown

State population3,210,507
U.S. population334,922,499

Housing

Rent share of income

78

15.8%

Median rent consumes 15.8% of median household income: Affordable.

Vintage date unknown

State rent$972
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

$672.3M

$672.3M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$36.5B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$672.3M

$7.2K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$501.1M
2. Department of Veterans Affairs$57.3M
3. Railroad Retirement Board$38.6M

Top recipients

Dollars
1. REDACTED DUE TO PII$30.9M
2. IOWA DEPARTMENT OF TRANSPORTATION$15.5M
3. IOWA WESTERN COMMUNITY COLLEGE$9.9M

Affordable

Housing Affordability

15.8%

of median income

1BR estimate$689
2BR estimate$907
Median income$63,654
Median home value$162,500

ACS context

Quick Facts

Population

752

Median age

36.1

Bachelor's degree+

10.7%

Poverty rate

10.2%

Labor force participation

68.3%

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

+1.2%

GDP CAGR

+7.4%

Federal flow

5 years

Population (5 years)
2020708
2021689
2022698
2023797
2024752
GDP (5 years)
2020$4.4B
2021$4.9B
2022$5.5B
2023$5.9B
2024$6.3B

2-year linear forecast

Predictive Outlook

Population forecast

2024752
2025788 *
2026807 *

R² = 47.1% · * projected

GDP forecast

2024$6.3B
2025$6.8B *
2026$7.3B *

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$63,654/yr
Median rent$840/mo
Rent share of income15.8%
Est. mortgage (30yr, 6.5%)$9,860/yr
Mortgage share of income15.5%

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

employment snapshot

Job Market

Unemployment rate6.2%
State avg3.6%
U.S. avg4.2%
Labor force participation68.3%
Poverty rate10.2%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$162,500
Median monthly rent$840
Price-to-rent ratio16.1x

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

composite score

Investment Climate

Investment climateModerate
Composite score67/100
Economic growth86/100
Labor market28/100
Population momentum87/100
Overall stability67/100

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

Location Context

Shelby city, Iowa

City/Town

Part of

Omaha, NE-IA

Nearby locations

Minden, IAAvoca, IATennant, IACorley, IAPersia, IA