GDP / Output
+7.8% YoY
94
$1.6B
Output changed +7.8% in 2024.
Vintage date unknown
State growth5.4%
U.S. growth5.3%
Jobs
Unemployment rate
44
5.2%
Unemployment is 5.2% for Latest available.
Vintage date unknown
State avg4.3%
U.S. avg4.3%
Population
+2.3% 5-year
64
7,853
Population moved +2.3% over the latest ACS window.
Vintage date unknown
State population8,705,170
U.S. population334,922,499
Housing
Rent share of income
71
20.7%
Median rent consumes 20.7% 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
$8.1K per resident
100
$275.0M
$275.0M 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
$275.0M
$8.1K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$232.7M
2. Department of Veterans Affairs$28.5M
3. Department of Transportation$7.7M
Top recipients
Dollars1. VIRGINIA DEPARTMENT OF TRANSPORTATION$6.8M
2. REDACTED DUE TO PII$2.6M
3. COUNTY OF HALIFAX$857.7K
Affordable
Housing Affordability
20.7%
of median income
1BR estimate$623
2BR estimate$821
Median income$44,052
Median home value$171,200
ACS context
Quick Facts
Population
7,853
Median age
44.2
Bachelor's degree+
21.2%
Poverty rate
26.9%
Labor force participation
47.6%
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
+0.5%
GDP CAGR
+6.1%
Federal flow
5 years
Population (5 years)
20207,676
20218,011
20227,942
20237,896
20247,853
GDP (5 years)
2020$1.2B
2021$1.3B
2022$1.4B
2023$1.5B
2024$1.6B
2-year linear forecast
Predictive Outlook
Population forecast
20247,853
20257,947 *
20267,971 *
R² = 9.0% · * projected
GDP forecast
2024$1.6B
2025$1.7B *
2026$1.8B *
R² = 99.1% · * 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$44,052/yr
Median rent$760/mo
Rent share of income20.7%
Est. mortgage (30yr, 6.5%)$10,388/yr
Mortgage share of income23.6%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate5.2%
State avg4.3%
U.S. avg4.3%
Labor force participation47.6%
Poverty rate26.9%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$171,200
Median monthly rent$760
Price-to-rent ratio18.8x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateStrong
Composite score69/100
Economic growth94/100
Labor market44/100
Population momentum64/100
Overall stability69/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.