GDP / Output
Unavailable YoY
NA
$24.1B
Local GDP is unavailable for this geography.
Vintage date unknown
State growth4.4%
U.S. growth5.3%
Jobs
Unemployment rate
24
6.5%
Unemployment is 6.5% for Latest available.
Vintage date unknown
State avg5.6%
U.S. avg4.3%
Population
-3.1% 5-year
32
18,096
Population moved -3.1% over the latest ACS window.
Vintage date unknown
State population3,624,508
U.S. population334,922,499
Housing
Rent share of income
61
27.8%
Median rent consumes 27.8% of median household income: Affordable.
Vintage date unknown
State rent$1.5K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
Unavailable per resident
NA
$24.1B
$24.1B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$153.6B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$24.1B
Unavailable per resident in reported federal flow.
Top agencies
Dollars1. Department of Defense$21.8B
2. Social Security Administration$1.6B
3. Department of Transportation$419.4M
Top recipients
Dollars1. ELECTRIC BOAT CORPORATION$21.4B
2. DEPARTMENT OF TRANSPORTATION CONNECTICUT$400.8M
3. WEEKS-CASHMAN JV$87.8M
Affordable
Housing Affordability
27.8%
of median income
1BR estimate$872
2BR estimate$1,148
Median income$45,962
Median home value$190,900
ACS context
Quick Facts
Population
18,096
Median age
31.3
Bachelor's degree+
24.2%
Poverty rate
23.4%
Labor force participation
59.0%
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
Latest available
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-06-16
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
-0.6%
GDP CAGR
Unavailable
Federal flow
5 years
Population (5 years)
202018,669
202118,150
202217,762
202317,774
202418,096
GDP (1 years)
2024$24.1B
2-year linear forecast
Predictive Outlook
Population forecast
202418,096
202517,634 *
202617,481 *
R² = 42.4% · * 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$45,962/yr
Median rent$1,063/mo
Rent share of income27.8%
Est. mortgage (30yr, 6.5%)$11,584/yr
Mortgage share of income25.2%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate6.5%
State avg5.6%
U.S. avg4.3%
Labor force participation59.0%
Poverty rate23.4%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$190,900
Median monthly rent$1,063
Price-to-rent ratio15.0x
Low price-to-rent ratio — buying may be more favorable than renting in this market.
composite score
Investment Climate
Investment climateWeak
Composite score32/100
Economic growthN/A
Labor market24/100
Population momentum32/100
Overall stability39/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.