GDP / Output
+8.4% YoY
98
$994.9M
Output changed +8.4% in 2024.
Vintage date unknown
State growth5.1%
U.S. growth5.3%
Jobs
Unemployment rate
15
7.1%
Unemployment is 7.1% for Latest available.
Vintage date unknown
State avg4.5%
U.S. avg4.3%
Population
-7.6% 5-year
5
342
Population moved -7.6% over the latest ACS window.
Vintage date unknown
State population5,739,445
U.S. population334,922,499
Housing
Rent share of income
79
15.3%
Median rent consumes 15.3% 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
$7.9K per resident
98
$228.2M
$228.2M in federal obligations flowed here in FY2025.
Vintage date unknown
State total$242.1B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$228.2M
$7.9K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$186.0M
2. Department of Veterans Affairs$23.3M
3. Department of Transportation$4.5M
Top recipients
Dollars1. MINNESOTA DEPARTMENT OF TRANSPORTATION$4.2M
2. MILLE LACS BAND OF OJIBWE$2.5M
3. REDACTED DUE TO PII$2.0M
Affordable
Housing Affordability
15.3%
of median income
1BR estimate$609
2BR estimate$802
Median income$58,125
Median home value$206,300
ACS context
Quick Facts
Population
342
Median age
37.7
Bachelor's degree+
11.9%
Poverty rate
13.8%
Labor force participation
60.4%
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
2026-06-10
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
-1.6%
GDP CAGR
+5.6%
Federal flow
5 years
Population (5 years)
2020370
2021363
2022368
2023351
2024342
GDP (5 years)
2020$756.4M
2021$832.4M
2022$865.1M
2023$918.0M
2024$994.9M
2-year linear forecast
Predictive Outlook
Population forecast
2024342
2025338 *
2026332 *
R² = 81.0% · * projected
GDP forecast
2024$994.9M
2025$1.0B *
2026$1.1B *
R² = 98.3% · * 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$58,125/yr
Median rent$743/mo
Rent share of income15.3%
Est. mortgage (30yr, 6.5%)$12,518/yr
Mortgage share of income21.5%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate7.1%
State avg4.5%
U.S. avg4.3%
Labor force participation60.4%
Poverty rate13.8%
Data from BLS LAUS / CPS. Latest available.
valuation snapshot
Real Estate
Median home value$206,300
Median monthly rent$743
Price-to-rent ratio23.1x
High price-to-rent ratio — renting may be more economical than buying in this market.
composite score
Investment Climate
Investment climateModerate
Composite score48/100
Economic growth98/100
Labor market15/100
Population momentum5/100
Overall stability54/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.