GDP / Output
+2.5% YoY
56
$2.0B
Output changed +2.5% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
80
2.8%
Unemployment is 2.8% for Latest available.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
+2.9% 5-year
68
7,367
Population moved +2.9% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
74
18.6%
Median rent consumes 18.6% 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
$272.4M
$272.4M 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
$272.4M
$6.5K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$217.7M
2. Department of Veterans Affairs$24.2M
3. Department of Agriculture$15.5M
Top recipients
Dollars1. REDACTED DUE TO PII$12.0M
2. TRANSPORTATION, MICHIGAN DEPARTMENT OF$3.7M
3. JACOBS ENGINEERING GROUP INC.$3.6M
Affordable
Housing Affordability
18.6%
of median income
1BR estimate$651
2BR estimate$858
Median income$51,167
Median home value$119,200
ACS context
Quick Facts
Population
7,367
Median age
37.5
Bachelor's degree+
6.4%
Poverty rate
13.4%
Labor force participation
23.3%
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
2026-06-10
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
+0.6%
GDP CAGR
+5.4%
Federal flow
5 years
Population (5 years)
20207,156
20217,435
20226,932
20236,926
20247,367
GDP (5 years)
2020$1.5B
2021$1.7B
2022$1.9B
2023$1.9B
2024$2.0B
2-year linear forecast
Predictive Outlook
Population forecast
20247,367
20257,137 *
20267,128 *
R² = 0.3% · * projected
GDP forecast
2024$2.0B
2025$2.2B *
2026$2.3B *
R² = 93.7% · * 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$51,167/yr
Median rent$794/mo
Rent share of income18.6%
Est. mortgage (30yr, 6.5%)$7,233/yr
Mortgage share of income14.1%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate2.8%
State avg5.0%
U.S. avg4.3%
Labor force participation23.3%
Poverty rate13.4%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$119,200
Median monthly rent$794
Price-to-rent ratio12.5x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateStrong
Composite score69/100
Economic growth56/100
Labor market80/100
Population momentum68/100
Overall stability73/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.