The Health of the Economy in Every State Since Biden Was Elected

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President Biden’s chances of re-election largely depend on the public’s perception of the economy he has overseen — but the Biden economy looks different depending on your vantage point. America’s 51 micro-economies — though with several state GDPs in the trillions, some of them aren’t so micro — each experienced different outcomes in housing, employment, income and economic growth under his administration.

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To assess the country’s economic health more precisely during Biden’s tenure, GOBankingRates measured four key metrics from all 50 states and Washington, D.C. using data from the State Economic Monitor, created by the Urban Institute’s State and Local Finance Initiative, a joint Urban-Brookings Tax Policy Center project.

It outlines the unemployment rate and average weekly earnings in January 2021 and May 2024, the average home value percentage change in the first quarter of 2021 and the first quarter of 2024, and the state GDP in the first quarter of 2021 and the last quarter of 2023.

The November election will largely be a referendum on President Biden’s handling of the economy. Here’s how it looked in your state.

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Alabama

• Unemployment rate in January 2021: 4.20%

• Unemployment rate in May 2024: 3.00%

• Average weekly earnings in January 2021: $1,137

• Average weekly earnings in May 2024: $1,033

• YoY home value percentage change Q1 2021: 11.27%

• YoY home value percentage change Q1 2024: 3.16%

• State GDP Q1 2021: $283B

• State GDP Q4 2023: $302B

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Alaska

• Unemployment rate in January 2021: 7.00%

• Unemployment rate in May 2024: 4.50%

• Average weekly earnings in January 2021: $1,304

• Average weekly earnings in May 2024: $1,258

• YoY home value percentage change Q1 2021: 8.67%

• YoY home value percentage change Q1 2024: 4.66%

• State GDP Q1 2021: $64B

• State GDP Q4 2023: $68B

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Arizona

• Unemployment rate in January 2021: 6.40%

• Unemployment rate in May 2024: 3.40%

• Average weekly earnings in January 2021: $1,180

• Average weekly earnings in May 2024: $1,139

• YoY home value percentage change Q1 2021: 17.91%

• YoY home value percentage change Q1 2024: 4.94%

• State GDP Q1 2021: $463B

• State GDP Q4 2023: $513B

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Arkansas

• Unemployment rate in January 2021: 4.90%

• Unemployment rate in May 2024: 3.40%

• Average weekly earnings in January 2021: $996

• Average weekly earnings in May 2024: $1,002

• YoY home value percentage change Q1 2021: 12.07%

• YoY home value percentage change Q1 2024: 5.14%

• State GDP Q1 2021: $167B

• State GDP Q4 2023: $177B

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California

• Unemployment rate in January 2021: 8.70%

• Unemployment rate in May 2024: 5.20%

• Average weekly earnings in January 2021: $1,492

• Average weekly earnings in May 2024: $1,318

• YoY home value percentage change Q1 2021: 14.20%

• YoY home value percentage change Q1 2024: 6.27%

• State GDP Q1 2021: $3.66T

• State GDP Q4 2023: $3.9T

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Colorado

• Unemployment rate in January 2021: 6.30%

• Unemployment rate in May 2024: 3.80%

• Average weekly earnings in January 2021: $1,252

• Average weekly earnings in May 2024: $1,265

• YoY home value percentage change Q1 2021: 13.12%

• YoY home value percentage change Q1 2024: 3.61%

• State GDP Q1 2021: $482B

• State GDP Q4 2023: $526B

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Connecticut

• Unemployment rate in January 2021: 7.10%

• Unemployment rate in May 2024: 4.30%

• Average weekly earnings in January 2021: $1,387

• Average weekly earnings in May 2024: $1,259

• YoY home value percentage change Q1 2021: 16.49%

• YoY home value percentage change Q1 2024: 9.64%

• State GDP Q1 2021: $315B

• State GDP Q4 2023: $343B

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Delaware

• Unemployment rate in January 2021: 5.7%

• Unemployment rate in May 2024: 3.9%

• Average weekly earnings in January 2021: $1,125

• Average weekly earnings in May 2024: $1,010

• YoY home value percentage change Q1 2021: 14.12%

• YoY home value percentage change Q1 2024: 10.73%

• State GDP Q1 2021: $93B

• State GDP Q4 2023: $94B

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Washington, DC

• Unemployment rate in January 2021: 7.30%

• Unemployment rate in May 2024: 5.30%

• Average weekly earnings in January 2021: $2,235

• Average weekly earnings in May 2024: $1,769

• YoY home value percentage change Q1 2021: 8.76%

• YoY home value percentage change Q1 2024: -1.53%

• State GDP Q1 2021: $168B

• State GDP Q4 2023: $176B

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Florida

• Unemployment rate in January 2021: 5.90%

• Unemployment rate in May 2024: 3.30%

• Average weekly earnings in January 2021: $1,131

• Average weekly earnings in May 2024: $1,089

• YoY home value percentage change Q1 2021: 13.62%

• YoY home value percentage change Q1 2024: 6.13%

• State GDP Q1 2021: $1.38T

• State GDP Q4 2023: $1.6T

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Georgia

• Unemployment rate in January 2021: 4.80%

• Unemployment rate in May 2024: 3.20%

• Average weekly earnings in January 2021: $1,152

• Average weekly earnings in May 2024: $1,072

• YoY home value percentage change Q1 2021: 13.67%

• YoY home value percentage change Q1 2024: 7.27%

• State GDP Q1 2021: $758B

• State GDP Q4 2023: $811B

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Hawaii

• Unemployment rate in January 2021: 9.50%

• Unemployment rate in May 2024: 3.00%

• Average weekly earnings in January 2021: $1,277

• Average weekly earnings in May 2024: $1,196

• YoY home value percentage change Q1 2021: 6.72%

• YoY home value percentage change Q1 2024: 7.77%

• State GDP Q1 2021: $101B

• State GDP Q4 2023: $109B

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Idaho

• Unemployment rate in January 2021: 4.10%

• Unemployment rate in May 2024: 3.30%

• Average weekly earnings in January 2021: $1,063

• Average weekly earnings in May 2024: $1,078

• YoY home value percentage change Q1 2021: 24.42%

• YoY home value percentage change Q1 2024: 4.60%

• State GDP Q1 2021: $108B

• State GDP Q4 2023: $120B

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Illinois

• Unemployment rate in January 2021: 7.20%

• Unemployment rate in May 2024: 4.90%

• Average weekly earnings in January 2021: $1,281

• Average weekly earnings in May 2024: $1,108

• YoY home value percentage change Q1 2021: 9.97%

• YoY home value percentage change Q1 2024: 9.38%

• State GDP Q1 2021: $1.04T

• State GDP Q4 2023: $1.09T

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Indiana

• Unemployment rate in January 2021: 4.70%

• Unemployment rate in May 2024: 3.70%

• Average weekly earnings in January 2021: $1,128

• Average weekly earnings in May 2024: $1,018

• YoY home value percentage change Q1 2021: 13.32%

• YoY home value percentage change Q1 2024: 8.04%

• State GDP Q1 2021: $464B

• State GDP Q4 2023: $501B

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Iowa

• Unemployment rate in January 2021: 4.20%

• Unemployment rate in May 2024: 2.80%

• Average weekly earnings in January 2021: $1,092

• Average weekly earnings in May 2024: $988

• YoY home value percentage change Q1 2021: 9.68%

• YoY home value percentage change Q1 2024: 5.44%

• State GDP Q1 2021: $246B

• State GDP Q4 2023: $251B

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Kansas

• Unemployment rate in January 2021: 4.00%

• Unemployment rate in May 2024: 2.90%

• Average weekly earnings in January 2021: $1,089

• Average weekly earnings in May 2024: $990

• YoY home value percentage change Q1 2021: 12.26%

• YoY home value percentage change Q1 2024: 9.90%

• State GDP Q1 2021: $211B

• State GDP Q4 2023: $230B

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Kentucky

• Unemployment rate in January 2021: 4.60%

• Unemployment rate in May 2024: 4.60%

• Average weekly earnings in January 2021: $1,031

• Average weekly earnings in May 2024: $1,003

• YoY home value percentage change Q1 2021: 11.66%

• YoY home value percentage change Q1 2024: 5.60%

• State GDP Q1 2021: $262B

• State GDP Q4 2023: $280B

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Louisiana

• Unemployment rate in January 2021: 7.00%

• Unemployment rate in May 2024: 4.10%

• Average weekly earnings in January 2021: $1,127

• Average weekly earnings in May 2024: $1,045

• YoY home value percentage change Q1 2021: 7.83%

• YoY home value percentage change Q1 2024: 2.23%

• State GDP Q1 2021: $298B

• State GDP Q4 2023: $313B

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Maine

• Unemployment rate in January 2021: 4.40%

• Unemployment rate in May 2024: 3.00%

• Average weekly earnings in January 2021: $1,002

• Average weekly earnings in May 2024: $1,049

• YoY home value percentage change Q1 2021: 15.72%

• YoY home value percentage change Q1 2024: 9.12%

• State GDP Q1 2021: $86B

• State GDP Q4 2023: $92B

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Maryland

• Unemployment rate in January 2021: 6.30%

• Unemployment rate in May 2024: 2.70%

• Average weekly earnings in January 2021: $1,356

• Average weekly earnings in May 2024: $1,146

• YoY home value percentage change Q1 2021: 13.21%

• YoY home value percentage change Q1 2024: 6.95%

• State GDP Q1 2021: $493B

• State GDP Q4 2023: $516B

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Massachusetts

• Unemployment rate in January 2021: 6.90%

• Unemployment rate in May 2024: 3.00%

• Average weekly earnings in January 2021: $1,490

• Average weekly earnings in May 2024: $1,368

• YoY home value percentage change Q1 2021: 13.47%

• YoY home value percentage change Q1 2024: 8.84%

• State GDP Q1 2021: $686B

• State GDP Q4 2023: $741B

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Michigan

• Unemployment rate in January 2021: 6.50%

• Unemployment rate in May 2024: 3.90%

• Average weekly earnings in January 2021: $1,171

• Average weekly earnings in May 2024: $1,093

• YoY home value percentage change Q1 2021: 12.99%

• YoY home value percentage change Q1 2024: 7.79%

• State GDP Q1 2021: $626B

• State GDP Q4 2023: $664B

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Minnesota

• Unemployment rate in January 2021: 4.40%

• Unemployment rate in May 2024: 2.80%

• Average weekly earnings in January 2021: $1,333

• Average weekly earnings in May 2024: $1,236

• YoY home value percentage change Q1 2021: 11.25%

• YoY home value percentage change Q1 2024: 4.79%

• State GDP Q1 2021: $454B

• State GDP Q4 2023: $476B

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Mississippi

• Unemployment rate in January 2021: 6.50%

• Unemployment rate in May 2024: 2.80%

• Average weekly earnings in January 2021: $921

• Average weekly earnings in May 2024: $905

• YoY home value percentage change Q1 2021: 9.64%

• YoY home value percentage change Q1 2024: 2.73%

• State GDP Q1 2021: $145B

• State GDP Q4 2023: $147B

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Missouri

• Unemployment rate in January 2021: 4.90%

• Unemployment rate in May 2024: 3.50%

• Average weekly earnings in January 2021: $1,090

• Average weekly earnings in May 2024: $1,015

• YoY home value percentage change Q1 2021: 12.83%

• YoY home value percentage change Q1 2024: 7.61%

• State GDP Q1 2021: $398B

• State GDP Q4 2023: $425B

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Montana

• Unemployment rate in January 2021: 4.00%

• Unemployment rate in May 2024: 3.10%

• Average weekly earnings in January 2021: $1,009

• Average weekly earnings in May 2024: $1,038

• YoY home value percentage change Q1 2021: 15.12%

• YoY home value percentage change Q1 2024: 5.15%

• State GDP Q1 2021: $67B

• State GDP Q4 2023: $71B

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Nebraska

• Unemployment rate in January 2021: 2.90%

• Unemployment rate in May 2024: 2.50%

• Average weekly earnings in January 2021: $1,086

• Average weekly earnings in May 2024: $1,034

• YoY home value percentage change Q1 2021: 12.29%

• YoY home value percentage change Q1 2024: 7.14%

• State GDP Q1 2021: $165B

• State GDP Q4 2023: $181B

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Nevada

• Unemployment rate in January 2021: 8.90%

• Unemployment rate in May 2024: 5.10%

• Average weekly earnings in January 2021: $1,086

• Average weekly earnings in May 2024: $1,033

• YoY home value percentage change Q1 2021: 12.76%

• YoY home value percentage change Q1 2024: 8.08%

• State GDP Q1 2021: $213B

• State GDP Q4 2023: $241B

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New Hampshire

• Unemployment rate in January 2021: 4.20%

• Unemployment rate in May 2024: 2.50%

• Average weekly earnings in January 2021: $1,233

• Average weekly earnings in May 2024: $1,180

• YoY home value percentage change Q1 2021: 16.15%

• YoY home value percentage change Q1 2024: 9.37%

• State GDP Q1 2021: $104B

• State GDP Q4 2023: $112B

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New Jersey

• Unemployment rate in January 2021: 7.30%

• Unemployment rate in May 2024: 4.60%

• Average weekly earnings in January 2021: $1,354

• Average weekly earnings in May 2024: $1,196

• YoY home value percentage change Q1 2021: 14.31%

• YoY home value percentage change Q1 2024: 11.59%

• State GDP Q1 2021: $751B

• State GDP Q4 2023: $807B

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New Mexico

• Unemployment rate in January 2021: 8.20%

• Unemployment rate in May 2024: 3.80%

• Average weekly earnings in January 2021: $988

• Average weekly earnings in May 2024: $939

• YoY home value percentage change Q1 2021: 11.63%

• YoY home value percentage change Q1 2024: 7.04%

• State GDP Q1 2021: $121B

• State GDP Q4 2023: $132B

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New York

• Unemployment rate in January 2021: 8.60%

• Unemployment rate in May 2024: 4.20%

• Average weekly earnings in January 2021: $1,395

• Average weekly earnings in May 2024: $1,234

• YoY home value percentage change Q1 2021: 12.84%

• YoY home value percentage change Q1 2024: 10.87%

• State GDP Q1 2021: $2.04T

• State GDP Q4 2023: $2.17T

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North Carolina

• Unemployment rate in January 2021: 5.60%

• Unemployment rate in May 2024: 3.60%

• Average weekly earnings in January 2021: $1,132

• Average weekly earnings in May 2024: $1,088

• YoY home value percentage change Q1 2021: 14.06%

• YoY home value percentage change Q1 2024: 5.79%

• State GDP Q1 2021: $718B

• State GDP Q4 2023: $773B

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North Dakota

• Unemployment rate in January 2021: 4.00%

• Unemployment rate in May 2024: 2.00%

• Average weekly earnings in January 2021: $1,108

• Average weekly earnings in May 2024: $1,201

• YoY home value percentage change Q1 2021: 6.83%

• YoY home value percentage change Q1 2024: 3.30%

• State GDP Q1 2021: $71B

• State GDP Q4 2023: $75B

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Ohio

• Unemployment rate in January 2021: 6.00%

• Unemployment rate in May 2024: 4.20%

• Average weekly earnings in January 2021: $1,106

• Average weekly earnings in May 2024: $1,069

• YoY home value percentage change Q1 2021: 13.50%

• YoY home value percentage change Q1 2024: 8.03%

• State GDP Q1 2021: $843B

• State GDP Q4 2023: $881B

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Oklahoma

• Unemployment rate in January 2021: 5.00%

• Unemployment rate in May 2024: 3.50%

• Average weekly earnings in January 2021: $1,046

• Average weekly earnings in May 2024: $1,030

• YoY home value percentage change Q1 2021: 10.49%

• YoY home value percentage change Q1 2024: 6.00%

• State GDP Q1 2021: $241B

• State GDP Q4 2023: $257B

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Oregon

• Unemployment rate in January 2021: 6.40%

• Unemployment rate in May 2024: 4.20%

• Average weekly earnings in January 2021: $1,177

• Average weekly earnings in May 2024: $1,198

• YoY home value percentage change Q1 2021: 14.50%

• YoY home value percentage change Q1 2024: 3.96%

• State GDP Q1 2021: $301B

• State GDP Q4 2023: $320B

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Pennsylvania

• Unemployment rate in January 2021: 7.40%

• Unemployment rate in May 2024: 3.40%

• Average weekly earnings in January 2021: $1,149

• Average weekly earnings in May 2024: $1,077

• YoY home value percentage change Q1 2021: 11.78%

• YoY home value percentage change Q1 2024: 7.92%

• State GDP Q1 2021: $914B

• State GDP Q4 2023: $975B

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Rhode Island

• Unemployment rate in January 2021: 6.60%

• Unemployment rate in May 2024: 4.30%

• Average weekly earnings in January 2021: $1,207

• Average weekly earnings in May 2024: $1,179

• YoY home value percentage change Q1 2021: 15.47%

• YoY home value percentage change Q1 2024: 8.47%

• State GDP Q1 2021: $72B

• State GDP Q4 2023: $78B

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South Carolina

• Unemployment rate in January 2021: 4.60%

• Unemployment rate in May 2024: 3.40%

• Average weekly earnings in January 2021: $1,114

• Average weekly earnings in May 2024: $1,025

• YoY home value percentage change Q1 2021: 12.26%

• YoY home value percentage change Q1 2024: 8.47%

• State GDP Q1 2021: $297B

• State GDP Q4 2023: $325B

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South Dakota

• Unemployment rate in January 2021: 2.9%

• Unemployment rate in May 2024: 2%

• Average weekly earnings in January 2021: $1,026

• Average weekly earnings in May 2024: $1,016

• YoY home value percentage change Q1 2021: 14.67%

• YoY home value percentage change Q1 2024: 4.27%

• State GDP Q1 2021: $71B

• State GDP Q4 2023: $73B

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Tennessee

• Unemployment rate in January 2021: 5.40%

• Unemployment rate in May 2024: 3.00%

• Average weekly earnings in January 2021: $1,100

• Average weekly earnings in May 2024: $1,025

• YoY home value percentage change Q1 2021: 14.79%

• YoY home value percentage change Q1 2024: 5.95%

• State GDP Q1 2021: $480B

• State GDP Q4 2023: $528B

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Texas

• Unemployment rate in January 2021: 6.70%

• Unemployment rate in May 2024: 4.00%

• Average weekly earnings in January 2021: $1,183

• Average weekly earnings in May 2024: $1,159

• YoY home value percentage change Q1 2021: 11.97%

• YoY home value percentage change Q1 2024: 3.34%

• State GDP Q1 2021: $2.30T

• State GDP Q4 2023: $2.60T

Utah

• Unemployment rate in January 2021: 3.40%

• Unemployment rate in May 2024: 2.90%

• Average weekly earnings in January 2021: $1,197

• Average weekly earnings in May 2024: $1,119

• YoY home value percentage change Q1 2021: 19.38%

• YoY home value percentage change Q1 2024: 5.79%

• State GDP Q1 2021: $255B

• State GDP Q4 2023: $275B

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Vermont

• Unemployment rate in January 2021: 4.40%

• Unemployment rate in May 2024: 2.10%

• Average weekly earnings in January 2021: $1,121

• Average weekly earnings in May 2024: $1,111

• YoY home value percentage change Q1 2021: 10.90%

• YoY home value percentage change Q1 2024: 12.80%

• State GDP Q1 2021: $41B

• State GDP Q4 2023: $43B

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Virginia

• Unemployment rate in January 2021: 4.80%

• Unemployment rate in May 2024: 2.70%

• Average weekly earnings in January 2021: $1,252

• Average weekly earnings in May 2024: $1,126

• YoY home value percentage change Q1 2021: 11.46%

• YoY home value percentage change Q1 2024: 5.73%

• State GDP Q1 2021: $661B

• State GDP Q4 2023: $713B

Washington

• Unemployment rate in January 2021: 6.40%

• Unemployment rate in May 2024: 4.90%

• Average weekly earnings in January 2021: $1,454

• Average weekly earnings in May 2024: $1,385

• YoY home value percentage change Q1 2021: 16.14%

• YoY home value percentage change Q1 2024: 5.12%

• State GDP Q1 2021: $728B

• State GDP Q4 2023: $808B

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West Virginia

• Unemployment rate in January 2021: 6.10%

• Unemployment rate in May 2024: 4.20%

• Average weekly earnings in January 2021: $1,048

• Average weekly earnings in May 2024: $955

• YoY home value percentage change Q1 2021: 11.60%

• YoY home value percentage change Q1 2024: 3.64%

• State GDP Q1 2021: $93B

• State GDP Q4 2023: $100B

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Wisconsin

• Unemployment rate in January 2021: 4.70%

• Unemployment rate in May 2024: 2.90%

• Average weekly earnings in January 2021: $1,118

• Average weekly earnings in May 2024: $1,097

• YoY home value percentage change Q1 2021: 11.46%

• YoY home value percentage change Q1 2024: 9.94%

• State GDP Q1 2021: $405B

• State GDP Q4 2023: $417B

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Wyoming

• Unemployment rate in January 2021: 5.30%

• Unemployment rate in May 2024: 2.90%

• Average weekly earnings in January 2021: $1,096

• Average weekly earnings in May 2024: $1,385

• YoY home value percentage change Q1 2021: 8.51%

• YoY home value percentage change Q1 2024: 4.07%

• State GDP Q1 2021: $46B

• State GDP Q4 2023: $51B

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This article originally appeared on GOBankingRates.com: The Health of the Economy in Every State Since Biden Was Elected