Here Was the Health of the Economy in Every State When Trump Was President

November 4, 2024

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A lot has been written about the national economy during the time of President Biden’s predecessor, but the Trump economy you experienced had a lot to do with where you lived during his time in office.

GOBankingRates looked at four key metrics from all 50 states and the District of Columbia 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.

The analysis examines the unemployment rate and average weekly earnings when Trump took office in January 2017 and when he left in January 2021, the year-over-year (YoY) home value percentage change in the first quarter of 2017 and the first quarter of 2021, and the state GDP from the first quarter of 2018 and the fourth quarter of 2020.

Here’s a snapshot of the health of the economy in every state when Trump was president.

Alabama

Unemployment rate in January 2017: 5.5%
Unemployment rate in January 2021: 4.2%
Average weekly earnings in January 2017: $1,031
Average weekly earnings in January 2021: $1,135
YoY home value percentage change in Q1 2017: 3.83%
YoY home value percentage change in Q1 2021: 11.27%
State GDP Q1 2018: $272 billion
State GDP Q4 2020: $280 billion

Alaska

Unemployment rate in January 2017: 6.6%
Unemployment rate in January 2021: 7.0%
Average weekly earnings in January 2017: $1,260
Average weekly earnings in January 2021: $1,302
YoY home value percentage change in Q1 2017: 1.85%
YoY home value percentage change in Q1 2021: 8.67%
State GDP Q1 2018: $66 billion
State GDP Q4 2020: $64 billion

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Arizona

Unemployment rate in January 2017: 5.2%
Unemployment rate in January 2021: 6.4%
Average weekly earnings in January 2017: $1,113
Average weekly earnings in January 2021: $1,178
YoY home value percentage change in Q1 2017: 7.57%
YoY home value percentage change in Q1 2021: 17.91%
State GDP Q1 2018: $419 billion
State GDP Q4 2020: $459 billion

Arkansas

Unemployment rate in January 2017: 3.8%
Unemployment rate in January 2021: 4.9%
Average weekly earnings in January 2017: $910
Average weekly earnings in January 2021: $995
YoY home value percentage change in Q1 2017: 3.48%
YoY home value percentage change in Q1 2021: 12.07%
State GDP Q1 2018: $158 billion
State GDP Q4 2020: $164 billion

California

Unemployment rate in January 2017: 5.2%
Unemployment rate in January 2021: 8.7%
Average weekly earnings in January 2017: $1,333
Average weekly earnings in January 2021: $1,489
YoY home value percentage change in Q1 2017: 7.22%
YoY home value percentage change in Q1 2021: 14.20%
State GDP Q1 2018: $3.34 trillion
State GDP Q4 2020: $3.59 trillion

Colorado

Unemployment rate in January 2017: 2.6%
Unemployment rate in January 2021: 6.3%
Average weekly earnings in January 2017: $1,172
Average weekly earnings in January 2021: $1,250
YoY home value percentage change in Q1 2017: 9.86%
YoY home value percentage change in Q1 2021: 13.12%
State GDP Q1 2018: $443 billion
State GDP Q4 2020: $471 billion

Connecticut

Unemployment rate in January 2017: 4.6%
Unemployment rate in January 2021: 7.1%
Average weekly earnings in January 2017: $1,365
Average weekly earnings in January 2021: $1,384
YoY home value percentage change in Q1 2017: 1.55%
YoY home value percentage change in Q1 2021: 16.49%
State GDP Q1 2018: $330 billion
State GDP Q4 2020: $317 billion

Delaware

Unemployment rate in January 2017: 4.7%
Unemployment rate in January 2021: 5.7%
Average weekly earnings in January 2017: $1,076
Average weekly earnings in January 2021: $1,123
YoY home value percentage change in Q1 2017: 2.14%
YoY home value percentage change in Q1 2021: 14.12%
State GDP Q1 2018: $88 billion
State GDP Q4 2020: $92 billion

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District of Columbia

Unemployment rate in January 2017: 6.3%
Unemployment rate in January 2021: 7.3%
Average weekly earnings in January 2017: $1,912
Average weekly earnings in January 2021: $2,231
YoY home value percentage change in Q1 2017: 9.58%
YoY home value percentage change in Q1 2021: 8.76%
State GDP Q1 2018: $165 billion
State GDP Q4 2020: $169 billion

Florida

Unemployment rate in January 2017: 4.7%
Unemployment rate in January 2021: 5.9%
Average weekly earnings in January 2017: $1,062
Average weekly earnings in January 2021: $1,129
YoY home value percentage change in Q1 2017: 9.24%
YoY home value percentage change in Q1 2021: 13.62%
State GDP Q1 2018: $1.28 trillion
State GDP Q4 2020: $1.34 trillion

Georgia

Unemployment rate in January 2017: 5.2%
Unemployment rate in January 2021: 4.8%
Average weekly earnings in January 2017: $1,131
Average weekly earnings in January 2021: $1,150
YoY home value percentage change in Q1 2017: 7.21%
YoY home value percentage change in Q1 2021: 13.67%
State GDP Q1 2018: $719 billion
State GDP Q4 2020: $747 billion

Hawaii

Unemployment rate in January 2017: 2.6%
Unemployment rate in January 2021: 9.5%
Average weekly earnings in January 2017: $1,123
Average weekly earnings in January 2021: $1,275
YoY home value percentage change in Q1 2017: 0.88%
YoY home value percentage change in Q1 2021: 6.72%
State GDP Q1 2018: $110 billion
State GDP Q4 2020: $99 billion

Idaho

Unemployment rate in January 2017: 3.5%
Unemployment rate in January 2021: 4.1%
Average weekly earnings in January 2017: $953
Average weekly earnings in January 2021: $1,062
YoY home value percentage change in Q1 2017: 9.26%
YoY home value percentage change in Q1 2021: 24.42%
State GDP Q1 2018: $95 billion
State GDP Q4 2020: $107 billion

Illinois

Unemployment rate in January 2017: 5.3%
Unemployment rate in January 2021: 7.2%
Average weekly earnings in January 2017: $1,182
Average weekly earnings in January 2021: $1,279
YoY home value percentage change in Q1 2017: 4.98%
YoY home value percentage change in Q1 2021: 9.97%
State GDP Q1 2018: $1.05 trillion
State GDP Q4 2020: $1.02 trillion

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Indiana

Unemployment rate in January 2017: 3.8%
Unemployment rate in January 2021: 4.7%
Average weekly earnings in January 2017: $1,093
Average weekly earnings in January 2021: $1,126
YoY home value percentage change in Q1 2017: 5.78%
YoY home value percentage change in Q1 2021: 13.32%
State GDP Q1 2018: $452 billion
State GDP Q4 2020: $457 billion

Iowa

Unemployment rate in January 2017: 3.3%
Unemployment rate in January 2021: 4.2%
Average weekly earnings in January 2017: $1,020
Average weekly earnings in January 2021: $1,090
YoY home value percentage change in Q1 2017: 4.34%
YoY home value percentage change in Q1 2021: 9.68%
State GDP Q1 2018: $235 billion
State GDP Q4 2020: $239 billion

Kansas

Unemployment rate in January 2017: 3.9%
Unemployment rate in January 2021: 4.0%
Average weekly earnings in January 2017: $1,019
Average weekly earnings in January 2021: $1,087
YoY home value percentage change in Q1 2017: 4.35%
YoY home value percentage change in Q1 2021: 12.26%
State GDP Q1 2018: $209 billion
State GDP Q4 2020: $214 billion

Kentucky

Unemployment rate in January 2017: 5.1%
Unemployment rate in January 2021: 4.6%
Average weekly earnings in January 2017: $999
Average weekly earnings in January 2021: $1,030
YoY home value percentage change in Q1 2017: 5.28%
YoY home value percentage change in Q1 2021: 11.66%
State GDP Q1 2018: $251 billion
State GDP Q4 2020: $259 billion

Louisiana

Unemployment rate in January 2017: 5.8%
Unemployment rate in January 2021: 7.0%
Average weekly earnings in January 2017: $1,055
Average weekly earnings in January 2021: $1,125
YoY home value percentage change in Q1 2017: 2.84%
YoY home value percentage change in Q1 2021: 7.83%
State GDP Q1 2018: $317 billion
State GDP Q4 2020: $295 billion

Maine

Unemployment rate in January 2017: 3.5%
Unemployment rate in January 2021: 4.4%
Average weekly earnings in January 2017: $1,000
Average weekly earnings in January 2021: $1,100
YoY home value percentage change in Q1 2017: 5.06%
YoY home value percentage change in Q1 2021: 15.72%
State GDP Q1 2018: $79 billion
State GDP Q4 2020: $86 billion

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Maryland

Unemployment rate in January 2017: 4.1%
Unemployment rate in January 2021: 6.3%
Average weekly earnings in January 2017: $1,268
Average weekly earnings in January 2021: $1,354
YoY home value percentage change in Q1 2017: 3.33%
YoY home value percentage change in Q1 2021: 13.21%
State GDP Q1 2018: $489 billion
State GDP Q4 2020: $481 billion

Massachusetts

Unemployment rate in January 2017: 3.8%
Unemployment rate in January 2021: 6.9%
Average weekly earnings in January 2017: $1,390
Average weekly earnings in January 2021: $1,487
YoY home value percentage change in Q1 2017: 5.57%
YoY home value percentage change in Q1 2021: 13.47%
State GDP Q1 2018: $648 billion
State GDP Q4 2020: $682 billion

Michigan

Unemployment rate in January 2017: 4.8%
Unemployment rate in January 2021: 6.5%
Average weekly earnings in January 2017: $1,092
Average weekly earnings in January 2021: $1,169
YoY home value percentage change in Q1 2017: 7.26%
YoY home value percentage change in Q1 2021: 12.99%
State GDP Q1 2018: $623 billion
State GDP Q4 2020: $627 billion

Minnesota

Unemployment rate in January 2017: 3.8%
Unemployment rate in January 2021: 4.4%
Average weekly earnings in January 2017: $1,238
Average weekly earnings in January 2021: $1,331
YoY home value percentage change in Q1 2017: 6.33%
YoY home value percentage change in Q1 2021: 11.25%
State GDP Q1 2018: $444 billion
State GDP Q4 2020: $449 billion

Mississippi

Unemployment rate in January 2017: 5.6%
Unemployment rate in January 2021: 6.5%
Average weekly earnings in January 2017: $927
Average weekly earnings in January 2021: $920
YoY home value percentage change in Q1 2017: 2.58%
YoY home value percentage change in Q1 2021: 9.64%
State GDP Q1 2018: $140 billion
State GDP Q4 2020: $143 billion

Missouri

Unemployment rate in January 2017: 4.2%
Unemployment rate in January 2021: 4.9%
Average weekly earnings in January 2017: $1,021
Average weekly earnings in January 2021: $1,089
YoY home value percentage change in Q1 2017: 3.62%
YoY home value percentage change in Q1 2021: 12.83%
State GDP Q1 2018: $382 billion
State GDP Q4 2020: $397 billion

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Montana

Unemployment rate in January 2017: 4.2%
Unemployment rate in January 2021: 4.0%
Average weekly earnings in January 2017: $958
Average weekly earnings in January 2021: $1,008
YoY home value percentage change in Q1 2017: 4.87%
YoY home value percentage change in Q1 2021: 15.12%
State GDP Q1 2018: $63 billion
State GDP Q4 2020: $67 billion

Nebraska

Unemployment rate in January 2017: 3.1%
Unemployment rate in January 2021: 2.9%
Average weekly earnings in January 2017: $1,044
Average weekly earnings in January 2021: $1,085
YoY home value percentage change in Q1 2017: 6.71%
YoY home value percentage change in Q1 2021: 12.29%
State GDP Q1 2018: $156 billion
State GDP Q4 2020: $163 billion

Nevada

Unemployment rate in January 2017: 5.4%
Unemployment rate in January 2021: 8.9%
Average weekly earnings in January 2017: $999
Average weekly earnings in January 2021: $1,085
YoY home value percentage change in Q1 2017: 7.70%
YoY home value percentage change in Q1 2021: 12.76%
State GDP Q1 2018: $206 billion
State GDP Q4 2020: $209 billion

New Hampshire

Unemployment rate in January 2017: 2.9%
Unemployment rate in January 2021: 4.2%
Average weekly earnings in January 2017: $1,172
Average weekly earnings in January 2021: $1,231
YoY home value percentage change in Q1 2017: 8.29%
YoY home value percentage change in Q1 2021: 16.15%
State GDP Q1 2018: $100 billion
State GDP Q4 2020: $105 billion

New Jersey

Unemployment rate in January 2017: 4.6%
Unemployment rate in January 2021: 7.3%
Average weekly earnings in January 2017: $1,293
Average weekly earnings in January 2021: $1,352
YoY home value percentage change in Q1 2017: 2.58%
YoY home value percentage change in Q1 2021: 14.31%
State GDP Q1 2018: $732 billion
State GDP Q4 2020: $741 billion

New Mexico

Unemployment rate in January 2017: 6.7%
Unemployment rate in January 2021: 8.2%
Average weekly earnings in January 2017: $915
Average weekly earnings in January 2021: $987
YoY home value percentage change in Q1 2017: 5.61%
YoY home value percentage change in Q1 2021: 11.63%
State GDP Q1 2018: $116 billion
State GDP Q4 2020: $120 billion

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New York

Unemployment rate in January 2017: 4.7%
Unemployment rate in January 2021: 8.6%
Average weekly earnings in January 2017: $1,305
Average weekly earnings in January 2021: $1,392
YoY home value percentage change in Q1 2017: 4.76%
YoY home value percentage change in Q1 2021: 12.84%
State GDP Q1 2018: $2.01 trillion
State GDP Q4 2020: $2.03 trillion

North Carolina

Unemployment rate in January 2017: 4.9%
Unemployment rate in January 2021: 5.6%
Average weekly earnings in January 2017: $1,052
Average weekly earnings in January 2021: $1,330
YoY home value percentage change in Q1 2017: 5.42%
YoY home value percentage change in Q1 2021: 14.06%
State GDP Q1 2018: $675 billion
State GDP Q4 2020: $707 billion

North Dakota

Unemployment rate in January 2017: 2.9%
Unemployment rate in January 2021: 4.0%
Average weekly earnings in January 2017: $1,143
Average weekly earnings in January 2021: $1,106
YoY home value percentage change in Q1 2017: 0.54%
YoY home value percentage change in Q1 2021: 6.83%
State GDP Q1 2018: $73 billion
State GDP Q4 2020: $70 billion

Ohio

Unemployment rate in January 2017: 5.3%
Unemployment rate in January 2021: 6.0%
Average weekly earnings in January 2017: $1,069
Average weekly earnings in January 2021: $1,104
YoY home value percentage change in Q1 2017: 5.84%
YoY home value percentage change in Q1 2021: 13.50%
State GDP Q1 2018: $813 billion
State GDP Q4 2020: $839 billion

Oklahoma

Unemployment rate in January 2017: 4.4%
Unemployment rate in January 2021: 5.0%
Average weekly earnings in January 2017: $1,031
Average weekly earnings in January 2021: $1,035
YoY home value percentage change in Q1 2017: 3.83%
YoY home value percentage change in Q1 2021: 10.89%
State GDP Q1 2018: $244 billion
State GDP Q4 2020: $240 billion

Oregon

Unemployment rate in January 2017: 4.1%
Unemployment rate in January 2021: 6.4%
Average weekly earnings in January 2017: $1,122
Average weekly earnings in January 2021: $1,175
YoY home value percentage change in Q1 2017: 8.60%
YoY home value percentage change in Q1 2021: 14.5%
State GDP Q1 2018: $283 billion
State GDP Q4 2020: $294 billion

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Pennsylvania

Unemployment rate in January 2017: 5.2%
Unemployment rate in January 2021: 7.4%
Average weekly earnings in January 2017: $1,097
Average weekly earnings in January 2021: $1,147
YoY home value percentage change in Q1 2017: 4.20%
YoY home value percentage change in Q1 2021: 11.78%
State GDP Q1 2018: $925 billion
State GDP Q4 2020: $916 billion

Rhode Island

Unemployment rate in January 2017: 4.6%
Unemployment rate in January 2021: 6.6%
Average weekly earnings in January 2017: $1,131
Average weekly earnings in January 2021: $1,205
YoY home value percentage change in Q1 2017: 6.77%
YoY home value percentage change in Q1 2021: 15.47%
State GDP Q1 2018: $72 billion
State GDP Q4 2020: $73 billion

South Carolina

Unemployment rate in January 2017: 4.4%
Unemployment rate in January 2021: 4.6%
Average weekly earnings in January 2017: $1,026
Average weekly earnings in January 2021: $1,112
YoY home value percentage change in Q1 2017: 5.11%
YoY home value percentage change in Q1 2021: 12.26%
State GDP Q1 2018: $283 billion
State GDP Q4 2020: $295 billion

South Dakota

Unemployment rate in January 2017: 3.1%
Unemployment rate in January 2021: 2.9%
Average weekly earnings in January 2017: $963
Average weekly earnings in January 2021: $1,024
YoY home value percentage change in Q1 2017: 3.36%
YoY home value percentage change in Q1 2021: 14.67%
State GDP Q1 2018: $68 billion
State GDP Q4 2020: $70 billion

Tennessee

Unemployment rate in January 2017: 4.6%
Unemployment rate in January 2021: 5.4%
Average weekly earnings in January 2017: $1,043
Average weekly earnings in January 2021: $1,098
YoY home value percentage change in Q1 2017: 6.74%
YoY home value percentage change in Q1 2021: 14.79%
State GDP Q1 2018: $443 billion
State GDP Q4 2020: $466 billion

Texas

Unemployment rate in January 2017: 4.8%
Unemployment rate in January 2021: 6.7%
Average weekly earnings in January 2017: $1,179
Average weekly earnings in January 2021: $1,181
YoY home value percentage change in Q1 2017: 6.68%
YoY home value percentage change in Q1 2021: 11.97%
State GDP Q1 2018: $2.16 trillion
State GDP Q4 2020: $2.27 trillion

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Utah

Unemployment rate in January 2017: 3.2%
Unemployment rate in January 2021: 3.4%
Average weekly earnings in January 2017: $1,133
Average weekly earnings in January 2021: $1,195
YoY home value percentage change in Q1 2017: 7.99%
YoY home value percentage change in Q1 2021: 19.38%
State GDP Q1 2018: $220 billion
State GDP Q4 2020: $249 billion

Vermont

Unemployment rate in January 2017: 3.1%
Unemployment rate in January 2021: 4.4%
Average weekly earnings in January 2017: $1,053
Average weekly earnings in January 2021: $1,119
YoY home value percentage change in Q1 2017: 7.18%
YoY home value percentage change in Q1 2021: 10.90%
State GDP Q1 2018: $40 billion
State GDP Q4 2020: $41 billion

Virginia

Unemployment rate in January 2017: 4.0%
Unemployment rate in January 2021: 4.8%
Average weekly earnings in January 2017: $1,253
Average weekly earnings in January 2021: $1,250
YoY home value percentage change in Q1 2017: 3.38%
YoY home value percentage change in Q1 2021: 11.46%
State GDP Q1 2018: $625 billion
State GDP Q4 2020: $651 billion

Washington

Unemployment rate in January 2017: 4.8%
Unemployment rate in January 2021: 6.4%
Average weekly earnings in January 2017: $1,418
Average weekly earnings in January 2021: $1,452
YoY home value percentage change in Q1 2017: 10.62%
YoY home value percentage change in Q1 2021: 16.14%
State GDP Q1 2018: $655 billion
State GDP Q4 2020: $715 billion

West Virginia

Unemployment rate in January 2017: 5.4%
Unemployment rate in January 2021: 6.1%
Average weekly earnings in January 2017: $976
Average weekly earnings in January 2021: $1,046
YoY home value percentage change in Q1 2017: 1.02%
YoY home value percentage change in Q1 2021: 11.60%
State GDP Q1 2018: $94 billion
State GDP Q4 2020: $92 billion

Wisconsin

Unemployment rate in January 2017: 3.5%
Unemployment rate in January 2021: 4.7%
Average weekly earnings in January 2017: $1,071
Average weekly earnings in January 2021: $1,116
YoY home value percentage change in Q1 2017: 5.54%
YoY home value percentage change in Q1 2021: 11.46%
State GDP Q1 2018: $402 billion
State GDP Q4 2020: $406 billion

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Wyoming

Unemployment rate in January 2017: 4.8%
Unemployment rate in January 2021: 5.3%
Average weekly earnings in January 2017: $1,021
Average weekly earnings in January 2021: $1,095
YoY home value percentage change in Q1 2017: 0.78%
YoY home value percentage change in Q1 2021: 8.51%
State GDP Q1 2018: $48 billion
State GDP Q4 2020: $45 billion

All data was pulled on and is accurate as of June 26, 2024.

Editor’s note on election coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.

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