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EconPulse

Local economy signal dashboard

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PLACEThriving

Washburn, ND

Thriving overall. Jobs is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score88out of 100
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63
100
100
81
100

Population

1,507

Data freshness

Unknown

GDP / Output

+3.4% YoY

63

$1.0B

Output changed +3.4% in 2024.

Vintage date unknown

State growth2.8%
U.S. growth5.3%

Jobs

Unemployment rate

100

0.5%

Unemployment is 0.5% for Latest available.

Vintage date unknown

State avg2.8%
U.S. avg5.2%

Population

+10.7% 5-year

100

1,507

Population moved +10.7% over the latest ACS window.

Vintage date unknown

State population784,841
U.S. population334,922,499

Housing

Rent share of income

81

13.4%

Median rent consumes 13.4% of median household income: Affordable.

Vintage date unknown

State rent$954
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$15.0K per resident

100

$146.3M

$146.3M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$98.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$146.3M

$15.0K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$63.2M
2. Department of Defense$34.2M
3. Department of Agriculture$31.8M

Top recipients

Dollars
1. REDACTED DUE TO PII$31.6M
2. DUBUQUE BARGE AND FLEETING SERVICE CO$24.8M
3. WHITE SHIELD SCHOOL DISTRICT$4.5M

Affordable

Housing Affordability

13.4%

of median income

1BR estimate$671
2BR estimate$883
Median income$73,413
Median home value$238,200

ACS context

Quick Facts

Population

1,507

Median age

36.7

Bachelor's degree+

26.5%

Poverty rate

10.7%

Labor force participation

68.4%

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

+2.1%

GDP CAGR

+3.7%

Federal flow

5 years

Population (5 years)
20201,361
20211,545
20221,463
20231,434
20241,507
GDP (5 years)
2020$847.7M
2021$1.0B
2022$1.1B
2023$982.6M
2024$1.0B

2-year linear forecast

Predictive Outlook

Population forecast

20241,507
20251,516 *
20261,534 *

R² = 16.5% · * projected

GDP forecast

2024$1.0B
2025$1.1B *
2026$1.1B *

R² = 28.7% · * 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$73,413/yr
Median rent$818/mo
Rent share of income13.4%
Est. mortgage (30yr, 6.5%)$14,454/yr
Mortgage share of income19.7%

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

employment snapshot

Job Market

Unemployment rate0.5%
State avg2.8%
U.S. avg5.2%
Labor force participation68.4%
Poverty rate10.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$238,200
Median monthly rent$818
Price-to-rent ratio24.3x

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

composite score

Investment Climate

Investment climateStrong
Composite score86/100
Economic growth63/100
Labor market100/100
Population momentum100/100
Overall stability88/100

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

Location Context

Washburn city, North Dakota

City/Town

Part of

North Dakota

Nearby locations

Underwood, NDWilton, NDStanton, NDTurtle Lake, NDCenter, ND