Skip to main content

EconPulse

Local economy signal dashboard

Saved
PLACEThriving

Westwood, IN

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

Post on XLinkedIn
Overall score85out of 100
Compare
60
100
NA
NA
91

Population

584

Data freshness

Unknown

GDP / Output

+3.0% YoY

60

$2.0B

Output changed +3.0% in 2024.

Vintage date unknown

State growth4.6%
U.S. growth5.3%

Jobs

Unemployment rate

100

0.0%

Unemployment is 0.0% for Latest available.

Vintage date unknown

State avg3.3%
U.S. avg5.2%

Population

Unavailable 5-year

NA

584

Population trend is unavailable.

Vintage date unknown

State population6,851,073
U.S. population334,922,499
Population trend temporarily unavailable.

Housing

Rent share of income

NA

Unavailable

Housing affordability could not be calculated.

Vintage date unknown

State rent$1.1K
U.S. rent$1.4K
Population trend temporarily unavailable.

Federal Funds

$6.9K per resident

91

$339.7M

$339.7M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$207.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$339.7M

$6.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$290.8M
2. Department of Veterans Affairs$22.6M
3. Department of Transportation$12.6M

Top recipients

Dollars
1. INDIANA DEPARTMENT OF TRANSPORTATION$11.4M
2. REDACTED DUE TO PII$4.6M
3. NEW CASTLE HOUSING AUTHORITY$3.1M

Unavailable

Housing Affordability

Unavailable

of median income

1BR estimateUnavailable
2BR estimateUnavailable
Median income$147,743
Median home value$302,400

ACS context

Quick Facts

Population

584

Median age

24.7

Bachelor's degree+

59.8%

Poverty rate

0.0%

Labor force participation

63.7%

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
  • Population trend temporarily unavailable.
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

Unavailable

GDP CAGR

+6.7%

Federal flow

5 years

GDP (5 years)
2020$1.5B
2021$1.7B
2022$1.9B
2023$2.0B
2024$2.0B

2-year linear forecast

Predictive Outlook

GDP forecast

2024$2.0B
2025$2.2B *
2026$2.4B *

R² = 94.3% · * 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$147,743/yr
Est. mortgage (30yr, 6.5%)$18,349/yr
Mortgage share of income12.4%

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

employment snapshot

Job Market

Unemployment rate0.0%
State avg3.3%
U.S. avg5.2%
Labor force participation63.7%
Poverty rate0.0%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$302,400

composite score

Investment Climate

Investment climateStrong
Composite score80/100
Economic growth60/100
Labor market100/100
Population momentumN/A
Overall stability85/100

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

Location Context

Westwood CDP, Indiana

City/Town

Part of

New Castle, IN

Nearby locations

New Castle, INGreensboro, INCadiz, INSpiceland, INSulphur Springs, IN