GDP / Output
+3.2% YoY
62
$2.7B
Output changed +3.2% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
86
2.7%
Unemployment is 2.7% for Latest available.
Vintage date unknown
State avg4.1%
U.S. avg5.2%
Population
+0.4% 5-year
52
8,823
Population moved +0.4% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
80
14.1%
Median rent consumes 14.1% 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
$8.6K per resident
100
$119.8M
$119.8M 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
$119.8M
$8.6K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$69.3M
2. Department of the Interior$16.5M
3. Department of Agriculture$9.6M
Top recipients
Dollars1. RED LAKE BAND OF CHIPPEWA INDIANS$16.5M
2. REDACTED DUE TO PII$9.3M
3. KEY LIME AIR CORPORATION$6.4M
Affordable
Housing Affordability
14.1%
of median income
1BR estimate$687
2BR estimate$905
Median income$71,144
Median home value$175,400
ACS context
Quick Facts
Population
8,823
Median age
37.8
Bachelor's degree+
21.2%
Poverty rate
12.2%
Labor force participation
68.7%
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
Latest available
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
+8.0%
Federal flow
5 years
Population (5 years)
20208,792
20218,791
20228,871
20238,841
20248,823
GDP (5 years)
2020$1.9B
2021$2.4B
2022$2.6B
2023$2.7B
2024$2.7B
2-year linear forecast
Predictive Outlook
Population forecast
20248,823
20258,857 *
20268,868 *
R² = 27.2% · * projected
GDP forecast
2024$2.7B
2025$3.1B *
2026$3.3B *
R² = 84.4% · * 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$71,144/yr
Median rent$838/mo
Rent share of income14.1%
Est. mortgage (30yr, 6.5%)$10,643/yr
Mortgage share of income15.0%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate2.7%
State avg4.1%
U.S. avg5.2%
Labor force participation68.7%
Poverty rate12.2%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$175,400
Median monthly rent$838
Price-to-rent ratio17.4x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateStrong
Composite score70/100
Economic growth62/100
Labor market86/100
Population momentum52/100
Overall stability76/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.