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EconPulse

Local economy signal dashboard

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PLACEThriving

Sterling, IL

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 score68out of 100
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73
59
48
75
96

Population

14,717

Data freshness

Unknown

GDP / Output

+4.9% YoY

73

$3.0B

Output changed +4.9% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

59

4.5%

Unemployment is 4.5% for June 2026.

Vintage date unknown

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

Population

-0.4% 5-year

48

14,717

Population moved -0.4% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

75

18.0%

Median rent consumes 18.0% 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

$7.6K per resident

96

$423.6M

$423.6M 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

$423.6M

$7.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$336.1M
2. Department of Transportation$28.5M
3. Department of Veterans Affairs$24.7M

Top recipients

Dollars
1. ILLINOIS DEPARTMENT OF TRANSPORTATION$28.5M
2. REDACTED DUE TO PII$17.2M
3. TRI-COUNTY OPPORTUNITIES COUNCIL$4.8M

Affordable

Housing Affordability

18.0%

of median income

1BR estimate$704
2BR estimate$928
Median income$57,350
Median home value$108,700

ACS context

Quick Facts

Population

14,717

Median age

42.6

Bachelor's degree+

21.1%

Poverty rate

15.3%

Labor force participation

62.6%

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

2026-07-30

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

-0.1%

GDP CAGR

+6.5%

Federal flow

5 years

Population (5 years)
202014,774
202114,919
202214,852
202314,670
202414,717
GDP (5 years)
2020$2.2B
2021$2.4B
2022$2.7B
2023$2.8B
2024$3.0B

2-year linear forecast

Predictive Outlook

Population forecast

202414,717
202514,678 *
202614,641 *

R² = 32.6% · * projected

GDP forecast

2024$3.0B
2025$3.2B *
2026$3.4B *

R² = 96.9% · * 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 affordability breakdown

Cost of Living

Median household income$57,350/yr
Median rent$859/mo
Rent share of income18.0%
Est. mortgage (30yr, 6.5%)$6,596/yr
Mortgage share of income11.5%

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

employment snapshot

Job Market

Unemployment rate4.5%
State avg5.1%
U.S. avg5.2%
Labor force participation62.6%
Poverty rate15.3%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$108,700
Median monthly rent$859
Price-to-rent ratio10.5x

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

composite score

Investment Climate

Investment climateModerate
Composite score63/100
Economic growth73/100
Labor market59/100
Population momentum48/100
Overall stability68/100

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

Location Context

Sterling city, Illinois

City/Town

Part of

Sterling, IL

Nearby locations

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