GDP / Output
+3.9% YoY
66
$23.6B
Output changed +3.9% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
54
4.5%
Unemployment is 4.5% for Latest available.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
-2.3% 5-year
36
1,383
Population moved -2.3% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
74
18.2%
Median rent consumes 18.2% 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
$25.9K per resident
100
$7.4B
$7.4B 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
$7.4B
$25.9K per resident in reported federal flow.
Top agencies
Dollars1. Department of Commerce$1.6B
2. Department of Education$1.5B
3. Social Security Administration$1.4B
Top recipients
Dollars1. MICHIGAN DEPARTMENT OF LABOR AND ECONOMIC OPPORTUNITY$1.7B
2. MICHIGAN DEPARTMENT OF EDUCATION$1.2B
3. STATE OF MICHIGAN$537.6M
Affordable
Housing Affordability
18.2%
of median income
1BR estimate$617
2BR estimate$813
Median income$49,545
Median home value$192,500
ACS context
Quick Facts
Population
1,383
Median age
45.8
Bachelor's degree+
26.1%
Poverty rate
8.2%
Labor force participation
57.5%
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
-0.5%
GDP CAGR
+5.1%
Federal flow
5 years
Population (5 years)
20201,416
20211,278
20221,259
20231,235
20241,383
GDP (5 years)
2020$18.4B
2021$19.3B
2022$21.2B
2023$22.7B
2024$23.6B
2-year linear forecast
Predictive Outlook
Population forecast
20241,383
20251,282 *
20261,271 *
R² = 4.6% · * projected
GDP forecast
2024$23.6B
2025$25.2B *
2026$26.5B *
R² = 98.6% · * 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$49,545/yr
Median rent$753/mo
Rent share of income18.2%
Est. mortgage (30yr, 6.5%)$11,681/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 rate4.5%
State avg5.0%
U.S. avg4.3%
Labor force participation57.5%
Poverty rate8.2%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$192,500
Median monthly rent$753
Price-to-rent ratio21.3x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateModerate
Composite score56/100
Economic growth66/100
Labor market54/100
Population momentum36/100
Overall stability63/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.