EconPulse

Local economy signal dashboard

PLACEThriving

St. Michaels, MD

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

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Overall score69out of 100

Compare

100

Population

1,240

Data freshness

Unknown

GDP / Output

+4.7% YoY

$2.8B

Output changed +4.7% in 2024.

Vintage date unknown

State growth6.0%

U.S. growth5.3%

Jobs

Unemployment rate

3.5%

Unemployment is 3.5% for June 2026.

Vintage date unknown

State avg4.3%

U.S. avg5.2%

Population

-5.4% 5-year

1,240

Population moved -5.4% over the latest ACS window.

Vintage date unknown

State population6,206,011

U.S. population334,922,499

Housing

Rent share of income

14.1%

Median rent consumes 14.1% of median household income: Affordable.

Vintage date unknown

State rent$1.7K

U.S. rent$1.4K

HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$12.8K per resident

100

$479.9M

$479.9M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$105.7B

U.S. total$5.3T

Location Context

St. Michaels town, Maryland

City/Town

Part of

Easton, MD

Nearby locations

Oxford, MD Easton, MD Tilghman Island, MD Romancoke, MD Grasonville, MD

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$479.9M

$12.8K per resident in reported federal flow.

Top agencies

Dollars

1. Social Security Administration$310.6M

2. Department of Health and Human Services$98.3M

3. Department of Defense$18.3M

Top recipients

Dollars

1. QLARANT INTEGRITY SOLUTIONS LLC$98.3M

2. DUCO, LLC$14.1M

3. COUNTY OF TALBOT$8.9M

Affordable

Housing Affordability

14.1%

of median income

1BR estimate$752

2BR estimate$990

Median income$78,265

Median home value$565,600

ACS context

Quick Facts

Population

1,240

Median age

55.4

Bachelor's degree+

49.7%

Poverty rate

5.8%

Labor force participation

44.7%

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

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-31

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

-1.1%

GDP CAGR

+6.5%

Federal flow

5 years

Population (5 years)

20201,311

20211,483

20221,523

20231,381

20241,240

GDP (5 years)

2020$2.0B

2021$2.2B

2022$2.4B

2023$2.7B

2024$2.8B

2-year linear forecast

Predictive Outlook

Population forecast

20241,240

20251,314 *

20261,290 *

R² = 10.8% · * projected

GDP forecast

2024$2.8B

2025$3.0B *

2026$3.2B *

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$78,265/yr

Median rent$917/mo

Rent share of income14.1%

Est. mortgage (30yr, 6.5%)$34,320/yr

Mortgage share of income43.9%

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

employment snapshot

Job Market

Unemployment rate3.5%

State avg4.3%

U.S. avg5.2%

Labor force participation44.7%

Poverty rate5.8%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$565,600

Median monthly rent$917

Price-to-rent ratio51.4x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateModerate

Composite score61/100

Economic growth72/100

Labor market74/100

Population momentum18/100

Overall stability69/100

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