GDP / Output
+6.7% YoY
86
$56.3B
Output changed +6.7% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
40
5.4%
Unemployment is 5.4% for Latest available.
Vintage date unknown
State avg4.3%
U.S. avg4.1%
Population
+0.5% 5-year
53
307,284
Population moved +0.5% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
71
20.9%
Median rent consumes 20.9% of median household income: Affordable.
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
$10.1K per resident
100
$5.6B
$5.6B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$242.1B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$5.6B
$10.1K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$2.5B
2. Department of Health and Human Services$940.3M
3. Department of Education$674.6M
Top recipients
Dollars1. STATE OF MINNESOTA OF EMPLOYMENT & ECONOMIC DEVELOPMENT, THE$751.7M
2. MINNESOTA DEPARTMENT OF EDUCATION$507.7M
3. PUBLIC SAFETY, MINNESOTA DEPARTMENT OF$144.3M
Affordable
Housing Affordability
20.9%
of median income
1BR estimate$1,050
2BR estimate$1,383
Median income$73,394
Median home value$294,500
ACS context
Quick Facts
Population
307,284
Median age
33.7
Bachelor's degree+
43.8%
Poverty rate
15.6%
Labor force participation
70.0%
Prime rate
6.8%
CPI YoY
+3.0%
U.S. GDP YoY
+6.6%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-09-15
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
+0.1%
GDP CAGR
+5.0%
Federal flow
5 years
Population (5 years)
2020305,877
2021309,751
2022308,806
2023307,762
2024307,284
GDP (5 years)
2020$44.0B
2021$46.1B
2022$49.8B
2023$52.7B
2024$56.3B
2-year linear forecast
Predictive Outlook
Population forecast
2024307,284
2025308,144 *
2026308,226 *
R² = 0.8% · * projected
GDP forecast
2024$56.3B
2025$59.1B *
2026$62.2B *
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$73,394/yr
Median rent$1,281/mo
Rent share of income20.9%
Est. mortgage (30yr, 6.5%)$17,870/yr
Mortgage share of income24.3%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate5.4%
State avg4.3%
U.S. avg4.1%
Labor force participation70.0%
Poverty rate15.6%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$294,500
Median monthly rent$1,281
Price-to-rent ratio19.2x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score63/100
Economic growth86/100
Labor market40/100
Population momentum53/100
Overall stability65/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.