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EconPulse

Local economy signal dashboard

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PLACEThriving

Thurmont, MD

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 score70out of 100
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83
74
3
84
100

Population

6,254

Data freshness

Unknown

GDP / Output

+6.3% YoY

83

$20.4B

Output changed +6.3% in 2024.

Vintage date unknown

State growth6.0%
U.S. growth5.3%

Jobs

Unemployment rate

74

3.5%

Unemployment is 3.5% for June 2026.

Vintage date unknown

State avg4.3%
U.S. avg5.2%

Population

-7.8% 5-year

3

6,254

Population moved -7.8% over the latest ACS window.

Vintage date unknown

State population6,206,011
U.S. population334,922,499

Housing

Rent share of income

84

11.3%

Median rent consumes 11.3% of median household income: Affordable.

Vintage date unknown

State rent$1.7K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$11.4K per resident

100

$3.1B

$3.1B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$105.7B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$3.1B

$11.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$1.3B
2. Department of Health and Human Services$768.7M
3. Department of Defense$415.4M

Top recipients

Dollars
1. LEIDOS BIOMEDICAL RESEARCH INC$559.6M
2. ATI GOVERNMENT SOLUTIONS LLC$94.5M
3. KEENAN FT DETRICK ENERGY LLC$44.7M

Affordable

Housing Affordability

11.3%

of median income

1BR estimate$760
2BR estimate$1,001
Median income$98,125
Median home value$364,700

ACS context

Quick Facts

Population

6,254

Median age

39.3

Bachelor's degree+

27.0%

Poverty rate

11.1%

Labor force participation

71.9%

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

2026-07-31

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

-1.6%

GDP CAGR

+7.2%

Federal flow

5 years

Population (5 years)
20206,783
20216,247
20226,313
20236,439
20246,254
GDP (5 years)
2020$14.4B
2021$15.9B
2022$17.4B
2023$19.1B
2024$20.4B

2-year linear forecast

Predictive Outlook

Population forecast

20246,254
20256,147 *
20266,061 *

R² = 37.5% · * projected

GDP forecast

2024$20.4B
2025$22.0B *
2026$23.5B *

R² = 99.8% · * 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$98,125/yr
Median rent$927/mo
Rent share of income11.3%
Est. mortgage (30yr, 6.5%)$22,129/yr
Mortgage share of income22.6%

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

employment snapshot

Job Market

Unemployment rate3.5%
State avg4.3%
U.S. avg5.2%
Labor force participation71.9%
Poverty rate11.1%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$364,700
Median monthly rent$927
Price-to-rent ratio32.8x

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

composite score

Investment Climate

Investment climateModerate
Composite score62/100
Economic growth83/100
Labor market74/100
Population momentum3/100
Overall stability70/100

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

Location Context

Thurmont town, Maryland

City/Town

Part of

Washington-Arlington-Alexandria, DC-VA-MD-WV

Nearby locations

Graceham, MDLewistown, MDSabillasville, MDEmmitsburg, MDFort Ritchie, MD