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EconPulse

Local economy signal dashboard

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PLACEThriving

Wayne, IL

Thriving overall. Federal Funds 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 score77out of 100
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63
86
71
70
100

Population

2,562

Data freshness

Unknown

GDP / Output

+3.4% YoY

63

$129.7B

Output changed +3.4% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

86

2.7%

Unemployment is 2.7% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

+3.4% 5-year

71

2,562

Population moved +3.4% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

70

21.1%

Median rent consumes 21.1% 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

$9.3K per resident

100

$8.7B

$8.7B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$8.7B

$9.3K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$4.5B
2. Department of Defense$1.8B
3. Department of Energy$1.3B

Top recipients

Dollars
1. W S DARLEY & CO$1.5B
2. UCHICAGO ARGONNE, LLC$1.3B
3. SONOVA USA INC$274.3M

Affordable

Housing Affordability

21.1%

of median income

1BR estimate$2,337
2BR estimate$3,078
Median income$161,719
Median home value$642,700

ACS context

Quick Facts

Population

2,562

Median age

49.3

Bachelor's degree+

61.3%

Poverty rate

2.1%

Labor force participation

69.2%

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

+0.7%

GDP CAGR

+5.8%

Federal flow

5 years

Population (5 years)
20202,477
20212,548
20222,225
20232,284
20242,562
GDP (5 years)
2020$97.7B
2021$107.3B
2022$117.0B
2023$125.5B
2024$129.7B

2-year linear forecast

Predictive Outlook

Population forecast

20242,562
20252,391 *
20262,382 *

R² = 0.9% · * projected

GDP forecast

2024$129.7B
2025$140.1B *
2026$148.4B *

R² = 98.2% · * 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$161,719/yr
Median rent$2,850/mo
Rent share of income21.1%
Est. mortgage (30yr, 6.5%)$38,998/yr
Mortgage share of income24.1%

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 avg5.1%
U.S. avg5.2%
Labor force participation69.2%
Poverty rate2.1%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$642,700
Median monthly rent$2,850
Price-to-rent ratio18.8x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score74/100
Economic growth63/100
Labor market86/100
Population momentum71/100
Overall stability77/100

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

Location Context

Wayne village, Illinois

City/Town

Part of

Chicago-Naperville-Elgin, IL-IN

Nearby locations

St. Charles, ILBartlett, ILWest Chicago, ILSouth Elgin, ILGeneva, IL