Austin s population is 2.2M, with a total workforce of 1.1M. The labor market grew by 24,700 jobs over the past year, up by 2.3%. The median household income in Austin is $76,845, 4.1% higher than last year and 25.2% above the national average of $61,372.
In the housing market, total permits issued totaled 27,908 over the last twelve months, down 1.3% year-over-year. Austin has 578 active new home projects on the market, 9.8% fewer than the 641 from last year. The average list price in the market is $326,165, 0.7% higher than last year and 4.3% above the national average. Over the last three months, new home contracts increased by 15.6% to 4,438. Austin and Georgetown had the highest concentration of the new home contracts in the Austin market.