GDP / Output
+4.2% YoY
68
$20.2B
Output changed +4.2% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
100
0.6%
Unemployment is 0.6% for Latest available.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
+5.7% 5-year
84
5,853
Population moved +5.7% over the latest ACS window.
Vintage date unknown
State population10,077,761
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$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$7.4K per resident
94
$3.0B
$3.0B 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
$3.0B
$7.4K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$2.5B
2. Department of Veterans Affairs$201.8M
3. Department of Health and Human Services$100.9M
Top recipients
Dollars1. NANOGRAF CORPORATION$60.0M
2. TRANSPORTATION, MICHIGAN DEPARTMENT OF$32.5M
3. REGENTS OF THE UNIVERSITY OF MICHIGAN$20.0M
Affordable
Housing Affordability
20.9%
of median income
1BR estimate$1,023
2BR estimate$1,347
Median income$71,571
Median home value$174,200
ACS context
Quick Facts
Population
5,853
Median age
46.2
Bachelor's degree+
22.0%
Poverty rate
10.9%
Labor force participation
55.3%
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
+1.1%
GDP CAGR
+4.6%
Federal flow
5 years
Population (5 years)
20205,535
20215,839
20225,865
20235,856
20245,853
GDP (5 years)
2020$16.1B
2021$16.8B
2022$17.9B
2023$19.4B
2024$20.2B
2-year linear forecast
Predictive Outlook
Population forecast
20245,853
20255,986 *
20266,051 *
R² = 52.4% · * projected
GDP forecast
2024$20.2B
2025$21.3B *
2026$22.3B *
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$71,571/yr
Median rent$1,247/mo
Rent share of income20.9%
Est. mortgage (30yr, 6.5%)$10,570/yr
Mortgage share of income14.8%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate0.6%
State avg5.0%
U.S. avg4.3%
Labor force participation55.3%
Poverty rate10.9%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$174,200
Median monthly rent$1,247
Price-to-rent ratio11.6x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateStrong
Composite score83/100
Economic growth68/100
Labor market100/100
Population momentum84/100
Overall stability83/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.