Atlanta s population is 5.9M, with a total workforce of 2.8M. The labor market grew by 65,700 jobs over the past year, up by 2.3%. The median household income in Atlanta is $70,601, 1.6% higher than last year and 11.7% above the national average of $63,179.
In the housing market, total permits issued totaled 33,065 over the last twelve months, down -9.5% year-over-year. Atlanta has 898 active new home projects on the market, 10.2% fewer than the 1000 from last year. The average list price in the market is $335,452, 4.5% higher than last year and 3.7% below the national average. Over the last three months, new home contracts increased by 10.5% to 5,263. Atlanta and Cumming had the highest concentration of the new home contracts in the Atlanta market.