GDP / Output
+1.6% YoY
50
$13.9B
Output changed +1.6% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
51
4.7%
Unemployment is 4.7% for April 2026.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
-1.1% 5-year
44
8,332
Population moved -1.1% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
74
18.4%
Median rent consumes 18.4% 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
$8.2K per resident
100
$1.6B
$1.6B 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
$1.6B
$8.2K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$1.2B
2. Department of Veterans Affairs$136.3M
3. Department of Transportation$81.2M
Top recipients
Dollars1. MINNESOTA DEPARTMENT OF TRANSPORTATION$49.0M
2. DULUTH, CITY OF$23.8M
3. HOUSING AND REDEVELOPMENT AUTHORITY OF DULUTH, MINNESOTA$18.9M
Affordable
Housing Affordability
18.4%
of median income
1BR estimate$649
2BR estimate$855
Median income$51,720
Median home value$120,600
ACS context
Quick Facts
Population
8,332
Median age
43.0
Bachelor's degree+
20.9%
Poverty rate
18.0%
Labor force participation
52.5%
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
April 2026
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
-0.2%
GDP CAGR
+5.8%
Federal flow
5 years
Population (5 years)
20208,421
20218,444
20228,415
20238,362
20248,332
GDP (5 years)
2020$10.5B
2021$11.5B
2022$12.5B
2023$13.7B
2024$13.9B
2-year linear forecast
Predictive Outlook
Population forecast
20248,332
20258,317 *
20268,291 *
R² = 79.2% · * projected
GDP forecast
2024$13.9B
2025$15.1B *
2026$16.0B *
R² = 96.9% · * 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$51,720/yr
Median rent$792/mo
Rent share of income18.4%
Est. mortgage (30yr, 6.5%)$7,318/yr
Mortgage share of income14.1%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate4.7%
State avg4.5%
U.S. avg4.3%
Labor force participation52.5%
Poverty rate18.0%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$120,600
Median monthly rent$792
Price-to-rent ratio12.7x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score52/100
Economic growth50/100
Labor market51/100
Population momentum44/100
Overall stability60/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.