GDP / Output
+5.0% YoY
74
$2.5B
Output changed +5.0% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
98
1.6%
Unemployment is 1.6% for Latest available.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
+8.9% 5-year
100
207
Population moved +8.9% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
76
17.3%
Median rent consumes 17.3% 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
$7.8K per resident
97
$359.8M
$359.8M 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
$359.8M
$7.8K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$231.4M
2. Department of Veterans Affairs$31.6M
3. Department of Education$28.1M
Top recipients
Dollars1. RED LAKE RESERVATION HOUSING$11.0M
2. MINNESOTA STATE COLLEGES & UNIVERSITIES$10.0M
3. RED LAKE BAND OF CHIPPEWA INDIANS$9.3M
Affordable
Housing Affordability
17.3%
of median income
1BR estimate$693
2BR estimate$913
Median income$58,750
Median home value$281,800
ACS context
Quick Facts
Population
207
Median age
52.3
Bachelor's degree+
20.8%
Poverty rate
9.2%
Labor force participation
72.0%
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
+1.7%
GDP CAGR
+5.2%
Federal flow
5 years
Population (5 years)
2020190
2021195
2022181
2023203
2024207
GDP (5 years)
2020$2.0B
2021$2.1B
2022$2.3B
2023$2.4B
2024$2.5B
2-year linear forecast
Predictive Outlook
Population forecast
2024207
2025208 *
2026212 *
R² = 41.1% · * projected
GDP forecast
2024$2.5B
2025$2.7B *
2026$2.8B *
R² = 99.4% · * 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$58,750/yr
Median rent$845/mo
Rent share of income17.3%
Est. mortgage (30yr, 6.5%)$17,099/yr
Mortgage share of income29.1%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate1.6%
State avg4.5%
U.S. avg4.3%
Labor force participation72.0%
Poverty rate9.2%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$281,800
Median monthly rent$845
Price-to-rent ratio27.8x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateStrong
Composite score89/100
Economic growth74/100
Labor market98/100
Population momentum100/100
Overall stability88/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.