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EconPulse

Local economy signal dashboard

Saved
PLACEStrained

Solon Mills, IL

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

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Overall score30out of 100
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71
0
0
NA
83

Population

38

Data freshness

Unknown

GDP / Output

+4.6% YoY

71

$16.0B

Output changed +4.6% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

0

31.8%

Unemployment is 31.8% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

-78.5% 5-year

0

38

Population moved -78.5% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

NA

Unavailable

Housing affordability could not be calculated.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.0K per resident

83

$1.9B

$1.9B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$1.9B

$6.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.6B
2. Department of Veterans Affairs$135.8M
3. Department of Transportation$37.3M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$37.5M
2. REDACTED DUE TO PII$10.2M
3. PROALLIANCE CORP$9.5M

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median incomeUnavailable
Median home valueUnavailable

ACS context

Quick Facts

Population

38

Median age

58.6

Bachelor's degree+

18.4%

Poverty rate

0.0%

Labor force participation

57.9%

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

-26.5%

GDP CAGR

+6.3%

Federal flow

5 years

Population (5 years)
2020177
2021264
2022404
2023140
202438
GDP (5 years)
2020$11.8B
2021$13.3B
2022$14.4B
2023$15.3B
2024$16.0B

2-year linear forecast

Predictive Outlook

Population forecast

202438
202584 *
202644 *

R² = 21.3% · * projected

GDP forecast

2024$16.0B
2025$17.3B *
2026$18.3B *

R² = 97.9% · * 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 + income analysis

Cost of Living

Income and housing cost data unavailable for this geography.

employment snapshot

Job Market

Unemployment rate31.8%
State avg5.1%
U.S. avg5.2%
Labor force participation57.9%
Poverty rate0.0%

Data from BLS LAUS / CPS. Latest available.

valuation indicators

Real Estate

Home value and rent data unavailable for this geography.

composite score

Investment Climate

Investment climateWeak
Composite score29/100
Economic growth71/100
Labor market0/100
Population momentum0/100
Overall stability30/100

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

Location Context

Solon Mills CDP, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

Spring Grove, ILRichmond, ILRingwood, ILJohnsburg, ILPistakee Highlands, IL