Austin's population is 2.1M, with a total workforce of 1.1M. The labor market grew by 35,400 jobs over the past year, up by 3.4%. The median household income in Austin is $76,333, 3.4% higher than last year and 24.4% above the national average of $61,372. In the housing market, total permits issued totaled 28,706 over the last twelve months, up 13.6% year-over-year. Austin has 582 active new home projects on the market, 3.0% fewer than the 600 from last year. The average list price in the market is $326,886, 2.6% higher than last year and 5.5% above the national average. Over the last three months, new home contracts increased by 17.8% to 3,731. Georgetown and Austin had the highest concentration of the new home contracts in the Austin market.
