GDP / Output
+3.2% YoY
61
$88.4B
Output changed +3.2% in 2024.
Vintage date unknown
State growth5.6%
U.S. growth5.3%
Jobs
Unemployment rate
56
4.4%
Unemployment is 4.4% for March 2026.
Vintage date unknown
State avg3.6%
U.S. avg4.3%
Population
-1.9% 5-year
39
919,173
Population moved -1.9% over the latest ACS window.
Vintage date unknown
State population7,066,383
U.S. population334,922,499
Housing
Rent share of income
68
23.2%
Median rent consumes 23.2% of median household income: Affordable.
Vintage date unknown
State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.
Federal Funds
$6.9K per resident
90
$6.4B
$6.4B in federal obligations flowed here in FY2025.
Vintage date unknown
State total$121.4B
U.S. total$5.3T
Population and output
Trend Snapshot
Reported share
Industry Breakdown
FY2025
Federal Money
Federal obligations
$6.4B
$6.9K per resident in reported federal flow.
Top agencies
Dollars1. Social Security Administration$4.0B
2. Department of Defense$680.4M
3. Department of Veterans Affairs$594.7M
Top recipients
Dollars1. FEDERAL EXPRESS CORPORATION$337.5M
2. ST JUDE CHILDREN'S RESEARCH HOSPITAL INC$138.0M
3. MEMPHIS HOUSING AUTHORITY$119.1M
Affordable
Housing Affordability
23.2%
of median income
1BR estimate$1,010
2BR estimate$1,331
Median income$63,767
Median home value$249,100
ACS context
Quick Facts
Population
919,173
Median age
35.9
Bachelor's degree+
34.3%
Poverty rate
17.8%
Labor force participation
64.7%
Prime rate
6.8%
CPI YoY
+3.7%
U.S. GDP YoY
+6.0%
Sources and warnings
Data Provenance
Census ACS 5-year
2024
BLS LAUS / CPS
March 2026
BEA regional CAGDP1
2024
USAspending
FY2025
FRED
2026-05-25
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
-0.4%
GDP CAGR
+5.4%
Federal flow
5 years
Population (5 years)
2020936,611
2021929,178
2022926,440
2023922,195
2024919,173
GDP (5 years)
2020$67.9B
2021$75.4B
2022$80.1B
2023$85.7B
2024$88.4B
2-year linear forecast
Predictive Outlook
Population forecast
2024919,173
2025914,162 *
2026909,976 *
R² = 96.6% · * projected
GDP forecast
2024$88.4B
2025$94.9B *
2026$100.0B *
R² = 97.7% · * 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$63,767/yr
Median rent$1,232/mo
Rent share of income23.2%
Est. mortgage (30yr, 6.5%)$15,115/yr
Mortgage share of income23.7%
Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.
employment snapshot
Job Market
Unemployment rate4.4%
State avg3.6%
U.S. avg4.3%
Labor force participation64.7%
Poverty rate17.8%
Data from BLS LAUS / CPS. March 2026.
valuation snapshot
Real Estate
Median home value$249,100
Median monthly rent$1,232
Price-to-rent ratio16.8x
Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.
composite score
Investment Climate
Investment climateModerate
Composite score55/100
Economic growth61/100
Labor market56/100
Population momentum39/100
Overall stability61/100
Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.