Austin s population is 2.1M, with a total workforce of 1.1M. The labor market grew by 21,900 jobs over the past year, up by 2.1%. The median household income in Austin is $76,730, 4.0% higher than last year and 25.0% above the national average of $61,372. In the housing market, total permits issued totaled 27,903 over the last twelve months, up 6.7% year-over-year. Austin has 579 active new home projects on the market, 5.9% fewer than the 615 from last year. The average list price in the market is $326,253, 2.5% higher than last year and 7.8% above the national average. Over the last three months, new home contracts increased by 13.1% to 4,371. Austin and Leander had the highest concentration of the new home contracts in the Austin market.
