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EconPulse

Local economy signal dashboard

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PLACEStable

West Salem, IL

Stable 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 score36out of 100
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10
21
0
73
95

Population

713

Data freshness

Unknown

GDP / Output

-4.2% YoY

10

$320.6M

Output changed -4.2% in 2024.

Vintage date unknown

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

Jobs

Unemployment rate

21

7.0%

Unemployment is 7.0% for August 2026.

Vintage date unknown

State avg4.7%
U.S. avg5.2%
BLS local unemployment unavailable; Census ACS fallback used if available.

Population

-18.2% 5-year

0

713

Population moved -18.2% over the latest ACS window.

Vintage date unknown

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

Housing

Rent share of income

73

19.5%

Median rent consumes 19.5% 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

$7.5K per resident

95

$46.6M

$46.6M 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

$46.6M

$7.5K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$36.2M
2. Department of Agriculture$4.8M
3. Department of Veterans Affairs$2.7M

Top recipients

Dollars
1. REDACTED DUE TO PII$4.6M
2. ILLINOIS DEPARTMENT OF TRANSPORTATION$2.1M
3. EDWARDS COUNTY HOUSING AUTHORITY$274.2K

Affordable

Housing Affordability

19.5%

of median income

1BR estimate$665
2BR estimate$876
Median income$49,821
Median home value$74,600

ACS context

Quick Facts

Population

713

Median age

46.1

Bachelor's degree+

15.2%

Poverty rate

8.6%

Labor force participation

49.7%

Prime rate

6.8%

CPI YoY

+3.0%

U.S. GDP YoY

+6.6%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

August 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-09-15

HUD Fair Market Rent

Latest available

Data notes
  • BLS local unemployment unavailable; Census ACS fallback used if available.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-3.9%

GDP CAGR

+2.8%

Federal flow

5 years

Population (5 years)
2020872
2021856
2022769
2023769
2024713
GDP (5 years)
2020$279.4M
2021$271.1M
2022$312.1M
2023$334.6M
2024$320.6M

2-year linear forecast

Predictive Outlook

Population forecast

2024713
2025674 *
2026634 *

R² = 92.6% · * projected

GDP forecast

2024$320.6M
2025$347.3M *
2026$361.9M *

R² = 71.8% · * 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$49,821/yr
Median rent$811/mo
Rent share of income19.5%
Est. mortgage (30yr, 6.5%)$4,527/yr
Mortgage share of income9.1%

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

employment snapshot

Job Market

Unemployment rate7.0%
State avg4.7%
U.S. avg5.2%
Labor force participation49.7%
Poverty rate8.6%

Data from BLS LAUS / CPS. August 2026.

valuation snapshot

Real Estate

Median home value$74,600
Median monthly rent$811
Price-to-rent ratio7.7x

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

composite score

Investment Climate

Investment climateWeak
Composite score17/100
Economic growth10/100
Labor market21/100
Population momentum0/100
Overall stability36/100

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

Location Context

West Salem village, Illinois

City/Town

Part of

Illinois

Nearby locations

Bone Gap, ILParkersburg, ILCalhoun, ILBrowns, ILAlbion, IL