GDP / Output
+3.9% YoY
66
$129.9B
Output changed +3.9% in 2024.
Vintage date unknown
State growth3.9%
U.S. growth5.3%
Jobs
Unemployment rate
42
5.3%
Unemployment is 5.3% for April 2026.
Vintage date unknown
State avg5.0%
U.S. avg4.3%
Population
+1.1% 5-year
57
1,772,259
Population moved +1.1% over the latest ACS window.
Vintage date unknown
State population10,077,761
U.S. population334,922,499
Housing
Rent share of income
69
22.4%
Median rent consumes 22.4% of median household income: Affordable.
Vintage date unknown
State rent$1.1K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$12.6K per resident
100
$22.6B
$22.6B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$126.3B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$22.6B
$12.6K per resident in reported federal flow.
Top agencies
Dollars1. Department of Health and Human Services$10.3B
2. Social Security Administration$8.7B
3. General Services Administration$789.9M
Top recipients
Dollars1. CITY OF DETROIT$512.4M
2. FORD MOTOR CO$474.0M
3. GM DEFENSE LLC$320.7M
Affordable
Housing Affordability
22.4%
of median income
1BR estimate$928
2BR estimate$1,223
Median income$60,539
Median home value$178,500
ACS context
Quick Facts
Population
1,772,259
Median age
37.9
Bachelor's degree+
27.6%
Poverty rate
20.8%
Labor force participation
59.2%
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
+6.0%
Federal flow
5 years
Population (5 years)
20201,753,059
20211,789,781
20221,781,641
20231,773,767
20241,772,259
GDP (5 years)
2020$97.0B
2021$103.2B
2022$114.1B
2023$125.1B
2024$129.9B
2-year linear forecast
Predictive Outlook
Population forecast
20241,772,259
20251,780,817 *
20261,783,056 *
R² = 6.7% · * projected
GDP forecast
2024$129.9B
2025$140.2B *
2026$148.9B *
R² = 98.4% · * 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$60,539/yr
Median rent$1,132/mo
Rent share of income22.4%
Est. mortgage (30yr, 6.5%)$10,831/yr
Mortgage share of income17.9%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate5.3%
State avg5.0%
U.S. avg4.3%
Labor force participation59.2%
Poverty rate20.8%
Data from BLS LAUS / CPS. April 2026.
valuation snapshot
Real Estate
Median home value$178,500
Median monthly rent$1,132
Price-to-rent ratio13.1x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateModerate
Composite score57/100
Economic growth66/100
Labor market42/100
Population momentum57/100
Overall stability62/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.